Comfy King Ltd owns a plant and operations. On $10$ April $20\mathrm{.}17,$ Comfy King Ltd entered into an agreement with Garden Escape Ltd for the sale of the plant. On $10$ April $20\mathrm{.}17,$ Comfy King Ltd entered into an agreement with Garden Escape Ltd for the sale of the plant on condition for a consideration of R$6,5$ million.

All the necessary paperwork was compiled by the group's attorneys and the sales agreement was signed on $31$ May $20\mathrm{.}17$ by Comfy King Ltd and Garden Escape Ltd$.$

The sales agreement between Comfy King Ltd and Garden Escape Ltd included a maintenance contract whereby Comfy King Ltd will service the plant for the next five years. The maintenance service will be delivered as and when needed, at the discretion of Garden Escape Ltd

There is no stand$-$alone price for the maintenance contract, but Comfy King Ltd could determine the fair value of similar maintenance contracts for the same period and on plants of a similar size.$|$

The fair value of similar maintenance contracts on $10$ April $20\mathrm{.}17,$ considering the time value of money and current market conditions, amounted to $R380000.$ This amount is the market$-$based stand$-$alone price since an adjusted market$-$assessment approach was duly followed. The maintenance contract was identified as a major significant component.

REQUIRED

Discuss the accounting treatment of the contract to dispose of the plant in the accounting records of Comfy King Ltd for the year ended $28$ February $20\mathrm{.}18,$ with reference to revenue recognition in accordance with IFRS $15$ Revenue from Contracts with Customers. Your discussion should include related amounts.