Biomed International Limited is developing a new production process. During the financial year ending 31st March 2017 total expenditure in curd was 50 lakh rupees. This process made the criteria for recognition as an intangible asset on first December 2016. Expenditure in curd till this date was 22 lakh rupees. Further expenditure encode on the process for the financial year ending 31st March 2018 was rupees 80 lakh. As at 31st March 2018 the recoverable amount of now how embodied in the process is estimated to be rupees 72 lakh. This includes estimates of future cash flow as well as inflows. The amount of MP event loss for the year end date 31st March 2018 is to find.

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Answer 1 The amount of MP event loss for the year ending 31st March 2018 can be calculated as follows Total Expenditure Curd 50 lakh rupees Expenditur... View the full answer