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(A) Keeping in view the LAS-38, calculate the amount of amortization charges for each year:...

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Accounting

(A) Keeping in view the LAS-38, calculate the amount of amortization charges for each year:
The XCV Ltd. has incurred Rs.30,00,000 on developing an intangible asset. The expected useful life of the asset is 5 years with Rs.100,000 residual value. The expected pattern of benefits from intangible asset is below:
Year
1
2
3
4
5
Total
Benefit (Rs, in Millions)
8-4
3
7
6
26
image

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