Solution of Goodwill Problem

Bill Gladstone has owned and operated Gladstone service station for over 30 year. In 2011, he decided to sell the station and retire from business. His asking price exceeds the fair market valve of its net identifiable assets by nearly 50,000. Gladstone attributes this premium to the above normal return that the service station has always generated .
there are two problems which cause effects on goodwill
1. A well known service station will recently open near the station after just 18 month.
2. One of his underground tank find some leaks.
Muhammad irshad from Pakistan

Dear Muhammad, you need not worry from anything. Now one can get your goodwill. You should sell your station by getting the amount of goodwill. No, new service center will also increase your goodwill. But you can decrease the some value or repair leaks. ok
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Education of Accounting : Solution of Goodwill Problem
Solution of Goodwill Problem
Education of Accounting
http://education.svtuition.org/2011/11/solution-of-goodwill-problem.html
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http://education.svtuition.org/2011/11/solution-of-goodwill-problem.html
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