SECTION $-$ B

$($i$)$ GINGER TULSI LTD$.$ acquired a patent at a cost of $80,00,000$ on April $1,2019.$ The company started amortizing the asset at $5,00,000$ per annum since $31$st March $2021.$ Since $31$st March $2022,$ the company started amortizing the asset as per Ind AS $38.$ On $31$st March, $2023,$ it was found that the product life$-$cycle may continue for another $5$ years from then. The net cash flows from the product during another $5$ years are expected to be $36,00,000,46,00,000,44,00,000,40,00,000$ and $34,00,000.$ On $31$st March, $2025,$ it is felt that no further benefit will accrue in the future. Pass the necessary journal entry to record Amortization of Cost of Patent as per Ind AS $38$ for the year $2021-2022$ to $2024-2025.$