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Problem 1: KImdrei developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectiveness of irrigation. Anton paid a licensing fee of P20,000 for a copy of the software. Although Anton can use the software as long as it wants, KImdrei expects that Anton will use the software for approximately 5 years. KImdrei does not anticipate any further interaction with Anton following transfer of the license. How much revenue should KImdrei recognize in the first year of the contract?
a. Zero
b. P 5,000
c. P4,000
d. P20,000
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