Rohit and Hardik are partners sharing profits and losses equally. They decided to admit Surya as a partner for 1/3^rd Share. For this purpose, the goodwill of the firm is to be valued. From the following information. Calculate the value of goodwill by:

• Capitalization of Average Profit Method.

• Capitalization of Super Profit Method.

Other information:

1. Average Capital Employed :                           6,00,000

2. Normal Rate of Return :                             12%

3. Profit for last three years: 2021-22                           :                           90,000

2022-23                     :                            Rs. 80,000

2023-24                     :                            Rs. 1,00,000

1. Assets (Excluding goodwill) :                           10,00,000

Liabilities: Rs. 4,00,000