imported projects give error in android studio 1.2.1.1

Simply Rename the Image (Rightclick on the Image, Select Refactor and select Rename). It will solve the issue as the Issue has arise as one of the library is also using the image with the same name.

FIRST :

libpng warning: iCCP: Not recognizing known sRGB profile that has been edited

iCCP are just warnings. they are not errors and they dont failed your app build so ignore it.

SECOND :

The actual error is

F:\Work\workspace\NITask\app\build\intermediates\res\debug\drawable-hdpi-v4\ic_launcher.png: error: Duplicate file.
F:\Work\workspace\NITask\app\build\intermediates\res\debug\drawable-hdpi\ic_launcher.png: Original is here. The version qualifier may be implied.

This error may occur because of 3rd party libraries uses ic_launcher in thr library. You can solve this by :

1) clean your project and rebuild it.

2) create a folder "mipmap-mdpi","mipmap-hdpi","mipmap-xhdpi","mipmap-xxhdpi" and copy the ic_launcher icons and place it in the respective folder based on the sizes.

res/
mipmap-mdpi/ic_launcher.png (48x48 pixels)
mipmap-hdpi/ic_launcher.png (72x72)
mipmap-xhdpi/ic_launcher.png (96x96)
mipmap-xxhdpi/ic_launcher.png (144x144)
mipmap-xxxhdpi/ic_launcher.png (192x192)

give reference to the icon in your xml file as

android:icon="@mipmap/ic_launcher"

The reason for the mipmap folder (According to Google) :

It’s best practice to place your app icons in mipmap- folders (not the drawable- folders) because they are used at resolutions different from the device’s current density.

3) If above solution doesn't solve, then rename the drawable-* folder as drawable-*-v4 (where * is mdpi, hdpi, xhdpi or xxhdpi) and place all your drawables in them.

res/ 
drawable-mdpi-v4/
drawable-hdpi-v4/
drawable-xhdpi-v4/
drawable-xxhdpi-v4/

after this do the 1) point and try

I had same issue , I fix it by adding xmlns:tools="http://schemas.android.com/tools" to the top of mainfest file , and add tools:replace="android:icon" to application tag.

<manifest xmlns:android="http://schemas.android.com/apk/res/android"
    xmlns:tools="http://schemas.android.com/tools"  // add tools line here 
    package="yourpackage">


    <application
        android:allowBackup="true"
        android:icon="@mipmap/ic_launcher"
        android:label="@string/app_name"
        android:supportsRtl="true"
        android:theme="@style/AppTheme"
        tools:replace="android:icon"> //add this line 

.....

</application>

</manifest>