Ah, friend, these CA-fellow calculations are like my old WagonR's mileage—same end result, different routes to get there. Average profit method takes past years' simple average, super profit deducts normal return from expected profit, and capitalisation values the extra profit as an imaginary capital. But my life tells me no paper calculation matches the real 'goodwill' you pay. When I bought into this taxi union, the real price was for the stand at the airport, the trust of the regular corporate passengers—things no super profit formula can capture. You pay for the future bhalas, not the past receipts.
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