calculate the value of goodwill on the basis of 2 years rsquo purchase of weighted a 619440

Model: Weighted average method The profits of a company for the year ended 31 March for the last 5 years were as follows:

	Year	Profit
	2006	1,20,00,000
	2007	15,00,000
	2008	9,00,000
	2009	7,00,000
	2010	4,00,000

Calculate the value of goodwill on the basis of 2 years’ purchase of weighted average profits after weights 1, 2, 3, 4 and 5 respectively to the profits for the years 2006 to 2010.