Maas LLP developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectiveness of irrigation. Sunny Dale
Maas LLP developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectiveness of irrigation. Sunny Dale paid a licensing fee of $24,000 for a copy of the sortware. Although Sunny Dale can use the software as long as it wants, Maas expects that Sunny Dale will use the software for approximately 5 Years. Maas does not anticipate any further interaction with Sunny Dale following transfer of license.
How much revenue should Maas recognize in the first year of the contract?
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Sunny D has purchased the software from Mass LLP The software can be used for app...
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Authors: Jeff Bennett, Bill Briggs, Mario F. Triola
4th edition
978-0321817747, 321817745, 978-0321890139, 321890132, 321817621, 978-0321817624
