Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1296

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 3
Chunk 1296
---
 the year ended March 31, 2024,
the Company has recorded the impairment amount of $167,413. The impairment amount is included in ‘Impairment on assets held for sale’ under
Other (income)/expense of Consolidated Statements of Operations.

11Property and equipment, net

The components of property and equipment were as follows:

    (In
    USD)
    As at 
    Estimated useful life 
    March 31,
 2025  
    March 31,
 2024 

    Vehicles and devices 
    5 years 
    $2,399,282  
    $3,274,998 
  
    Computer equipments 
    2 - 7 years 
     551,877  
     603,864 
  
    Office equipments 
    3 - 10 years 
     229,481  
     245,545 
  
    Furniture and fixtures 
    10 years 
     1,720  
     7,398 
  
    Total, at cost 
      
     3,182,360  
     4,131,805 
  
    Less: Accumulated depreciation 
      
     (2,855,236) 
     (2,572,825)

    $327,124  
    $1,558,980 
  
    Right-of-use assets under finance leases: 

    Vehicles, at cost 
      
    $5,777,170  
    $5,923,555 
  
    Accumulated depreciation 
      
     (4,015,655) 
     (4,117,406)
  
    Accumulated impairment 
      
     (1,761,515) 
     (1,806,149)

    $-  
    $- 
  
    Total property and equipment, net 
      
    $327,124  
    $1,558,980 

Depreciation
expense for the year ended March 31, 2025 was $430,613 ($994,640 for the year ended March 31, 2024).

During the year ended March 31, 2025, the Company has retired the devices of the carrying value amounting to $727,145 ($NIL for the year ended March 31, 2024). Also, during the year ended March 31, 2025, the Company revised its estimate