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How much is the revenue of Macrohard Co for the year

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Problem - On January 1, 20x8, Macrohard Co. enters into a contract with a customer to transfer a software license, perform installation, and provide software updates and technical support for five years in exchange for P14,400,000. Macrohard has determined that each good or service is a separate performance obligation. Macrohard sells the license, installation, updates and technical support separately at the following selling prices:

Software license P9,000,000

Installation service 3,600,000

Software updates 2,400,000

Technical support 3,000,000

Total P18,000,000

Required - How much is the revenue of Macrohard Co. for the year 20x8?

Reference no: EM132976116

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