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What is Revenue Recognition Examples and Methods about?

Handler Company sells equipment to Chai Company for $2 million. The sale includes delivery, installation, and training. Installation is estimated to have a standalone price of $20,000 and training $50,000. Handler recognizes 97% of revenue ($1.932 million) for the equipment upon installation. The remaining 3% is allocated to installation ($19,324 recognized upon completion) and training ($48,309 recognized straight-line over 1 year).

Author

Paral Fabio Mikha

Language

EN