Calculate the amortization expenses in the following cases and pass the journal entries as per IAS 38: i. An accounting software was purchased for Rs. 80,000 with a useful life of 4 years. A software license was obtained for Rs. 70,000 for software for 8 years. A functional business unit was acquired for 5,00,000 with goodwill of Rs. 175,000. A development cost of Rs. 250,000 of internally developed formula was capitalized in current year with estimated useful life of 5 years. Development cost include Rs. 30,000 as fees paid to Provincial Govt. A product model is sold for Rs. 25,000 which was acquired for Rs. 10,000 in last year with useful life of 5 years. ii. iii. iv. V.