alleryStart learning →Goodwill of Rs 2,50,000 is amortised evenly over five years, the usual ceiling. What is the yearly charge?
ARs 25,000
BRs 62,500
CRs 83,333
DRs 50,000
Answer & Solution
Correct answer: D. Rs 50,000
Dividing 2,50,000 by five years gives a straight charge of 50,000 per year to income.
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