Goodwill of a firm of X and Y is valued at ` 30,000. It is appearing in the books at ` 12,000. Z is admitted for 1/4 share. What amount he is supposed to bring for goodwill ?

[A] 7,500

[B] 7,000

[C] 10,000

[D] 15,000

Answer & Explanation
Answer: 7,500

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