Abha and Sara were partners in a firm. Their capitals were: Abha ₹ 3,00,000 and Sara ₹ 2,00,000. The normal rate of return in similar business is 10%. The profits of the firm of Abha and Sara for the last three years were:
2021–22 $\Rightarrow $₹ 60,000
2022–23 $\Rightarrow $₹ 90,000
2023–24 $\Rightarrow $₹ 1,20,000
Calculate goodwill of the firm on the following basis:
[(i)] Four years purchase of the average profits for the last three years
[(ii)] Capitalisation of super-profits