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Company Maintenance Contract Value Contract Duration Monthly Revenue Recognition IBM Corporation $120,000 3 years $3,333.33 per month IBM Corporation signs a maintenance contract valued at
Company | Maintenance Contract Value | Contract Duration | Monthly Revenue Recognition |
IBM Corporation | $120,000 | 3 years | $3,333.33 per month |
IBM Corporation signs a maintenance contract valued at $120,000 for 3 years. How much revenue should IBM recognize each month for this contract?
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