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How much revenue would be recognized

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Reference no: EM132158550

Question - Appliance sells ovens (and the related installation and maintenance) to customers at the following prices:

Oven only: $800

Installation only: 125

Maintenance only: 175

Oven with Installation and Maintenance: 1000

The Maintenance services provide for any necessary servicing and repairs for two years.

A. A sale of an oven with installation and maintenance is made. Allocate the $1000 sale price among the three components.

B. Assume a sale of an oven with installation and maintenance was made on July 1, 2017. How much revenue would be recognized for the year ended December 31, 2017?

Reference no: EM132158550

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