Use the following information to answer the given question
(begin{array}{c|c}year & profit \ hline 2003 & Le 40,000\ 2004 & Le 48,000\ 2005 & Le 62,000end{array})
The value of goodwill calculated at 3 years purchase of annual profit is
(begin{array}{c|c}year & profit \ hline 2003 & Le 40,000\ 2004 & Le 48,000\ 2005 & Le 62,000end{array})
The value of goodwill calculated at 3 years purchase of annual profit is
-
A.
Le 450,000 -
B.
Le 150,000 -
C.
Le 50,000 -
D.
Le 48,000