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: A sport team licensed its logo to Best Co. that will make merchandise imprinted with the logo over the next three years for $100,000

: A sport team licensed its logo to Best Co. that will make merchandise imprinted with the logo over the next three years for $100,000 upfront fee on 1/1/X1. The sport team is not well known and it has had a losing streak. The incremental borrowing annual interest rates of the sport team and Best co. are 6% and 8% respectively. How should the sport team recognize this revenue?

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