Concept:
For each lens, the lens formula is
\[
\frac{1}{f}
=
\frac{1}{v}
-\frac{1}{u}.
\]
The image formed by one lens acts as the object for the next lens.
Therefore, the problem is solved step-by-step by finding successive image positions.
Step 1: Image formed by lens \(L_1\).
Given,
\[
f_1=+40\text{ cm}
\]
\[
u_1=-80\text{ cm}
\]
Using lens formula,
\[
\frac{1}{40}
=
\frac{1}{v_1}
-\frac{1}{(-80)}.
\]
\[
\frac{1}{40}
=
\frac{1}{v_1}
+\frac{1}{80}.
\]
\[
\frac{1}{v_1}
=
\frac{1}{40}
-\frac{1}{80}.
\]
\[
\frac{1}{v_1}
=
\frac{1}{80}.
\]
\[
\boxed{v_1=80\text{ cm}}
\]
Thus the first image is formed \(80\) cm to the right of \(L_1\).
Step 2: Locate this image relative to lens \(L_2\).
Distance between \(L_1\) and \(L_2\)
\[
=120\text{ cm}.
\]
The image formed by \(L_1\) lies
\[
120-80=40\text{ cm}
\]
to the left of \(L_2\).
Hence for lens \(L_2\),
\[
u_2=-40\text{ cm}.
\]
\[
f_2=+40\text{ cm}.
\]
Applying lens formula,
\[
\frac{1}{40}
=
\frac{1}{v_2}
-\frac{1}{(-40)}.
\]
\[
\frac{1}{40}
=
\frac{1}{v_2}
+\frac{1}{40}.
\]
Therefore,
\[
\frac{1}{v_2}=0.
\]
\[
\boxed{v_2=\infty}
\]
Thus rays emerging from \(L_2\) become parallel.
Step 3: Formation of image by lens \(L_3\).
Parallel rays fall on lens \(L_3\).
For a convex lens, parallel rays converge at its principal focus.
Therefore,
\[
v_3=f_3.
\]
Since
\[
f_3=40\text{ cm},
\]
\[
\boxed{v_3=40\text{ cm}}
\]
Thus the final image is formed \(40\) cm to the right of \(L_3\).
Step 4: Determine the position of the final image relative to the object.
Distance from \(L_1\) to \(L_3\)
\[
=120+20
\]
\[
=140\text{ cm}.
\]
Final image is \(40\) cm beyond \(L_3\).
Hence distance of final image from \(L_1\)
\[
=140+40
\]
\[
=180\text{ cm}.
\]
The object is \(80\) cm to the left of \(L_1\).
Therefore distance between object and final image is
\[
80+180.
\]
\[
\boxed{260\text{ cm}}
\]
Final Answer:
\[
\boxed{
\text{Distance between object and final image}
=
260\text{ cm}
}
\]