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bombardier inc. specializes in designing, developing, manufacturing, marketing and providing aftermarket support for three families of business jets: global, challenger and L earjet. The company
bombardier inc. specializes in designing, developing, manufacturing, marketing and providing aftermarket support for three families of business jets: global, challenger and L earjet. The company offers warranties on all of its products. Note to bombadier's financial statements for fiscal year stated the following: A provision for assurance type warranties is recorded in cost of sales when the revenue for the related product is recognized. the interest component associated with the product warranties, when applicable, isrecorded in financing expense. the cost is estimated based on a number of factors including the historical warranty claims and cost experience, the type and duration of warranty coverage, the nature of products sold and in service and counterwarranty coverage available from the Corporation's suppliers. Claims for reimbursement from third parties are recorded if their realization is virutally certain. Product warranties typically range from one to five years. Revenues for million million, million; provision for product warranties at year end is million, is million and is million. what is the warranty expense for
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