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How much total revenue should gamesa record on the contract

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Reference no: EM132685190

Suppose that Gamesa sells a wind turbine combined with a service contract for 100 on December 31, 2010. The wind turbine itself normally sells for 80 and the service contract, which runs for two years sells for 20, and takes effect on January 1, 2011.

Problem a. How much total revenue should Gamesa record on the contract in 2010?

Problem b. How much total revenue should Gamesa record on the contract in 2011?

Reference no: EM132685190

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