ABC Incorporated granted a restaurant franchise contract to DEF Company at a nonrefundable upfront fee of 10,000,000 payable upon signing of contract. The contract franchise agreement provides that the obligations of ABC Incorporated are: (1) to construct the franchisee's restaurant building with stand-alone price of 6,000,000; (2) To supply 100 kilogram of raw materials to franchisee with stand-alone price of 3,000,000; (3) To train five managers and 20 crews of the franchisee with stand-alone price of 2,000,000; and (4) To allow the franchisee to use franchisor's trademark and trade name for a period of ten (10) years from the date of signing of contract with stand-alone price of 1,000,000. Under PFRS 15, how shall ABC Incorporated account the nonrefundable upfront fee it received from DEF?

a. The 10,000,000 upfront fee shall be allocated to franchisor's four (4) separate and distinct performance obligations using the relative stand-alone selling prices and each revenue shall be recognized as revenue from contract with DEF Company upon satisfaction by ABC Incorporated of each performance obligation.

b. The 10,000,000 upfront fee shall be allocated to the franchisor's four (4) separate and distinct performance obligations equally and all revenues shall be recognized as revenues from contract with DEF Company over a period of time of ten (10) years under straight line method.

c. The 10,000,000 upfront fee shall be fully recognized as revenue from contract with DEF Company upon its collection because it is nonrefundable.

d. The 10,000,000 upfront fee shall be fully recognized as revenue from contract with DEF Company only upon the expiration of the 10-year term of the license because it is satisfaction of performance obligation at a specific point in time.