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P1 C3 VALUATION OF GOODWILL — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C3 VALUATION OF GOODWILL1 Mark
Question
State the factors affecting valuation of goodwill.
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Answer

Following are the factors affecting valuation of goodwill. $(1)$ Business Location, $(2)$ Period of business, $(3)$ Nature of business, $(4)$ Competitiveness of business, $(5)$ Individual’s skill and proficiency, $(6)$ Other special benefits.

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