Accounting · Depreciation and Amortization
A tech startup acquired hardware and software licenses on January 1, 2024. The hardware cost 40,00,000 units and the software licenses cost 20,00,000 units. The company depreciates hardware at 25% using the Straight Line Method (SLM) and amortizes software at 40% using SLM. On December 31, 2024, the company revalued the hardware to its market price of 35,00,000 units. Following the calendar year, what is the total impact on the Profit and Loss statement for 2024 (Depreciation + Amortization) excluding the revaluation effect?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 118,00,000 units✓
- 215,00,000 units
- 320,00,000 units
- 412,00,000 units
Correct answer
18,00,000 units
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