Advance accounting

XXXVIII - One or Multiple Performance Obligations? Ube Company enters into a contract to build or construct (including maintenance) and operates high rise condominium (buildings) for a period of 25 years, commencing upon completion of the construction of the said condominiums. There is a fixed fee for build and operate and any progress payments made are non- refundable. All items that are deliverables (such as air-conditioning units, prefabricated cabinets, etc.) have a standalone value. There is provable evidence of the selling price for the building and maintenance but not for operating the condominium. It is determined that the transaction price must be allocated to the three performance obligations: building, maintaining and operating the condominium buildings. Required: How would you account for the performance obligation - one or multiple performance obligation