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DigiTech, Inc. licenses enterprise resource planning (ERP) software to Big Cereal Company. In addition to providing the software, DigiTech contracts to extensively customize the software

DigiTech, Inc. licenses enterprise resource planning (ERP) software to Big Cereal Company. In addition to providing the software, DigiTech contracts to extensively customize the software according to Big Cereal's specifications, for total consideration of $500,000. The software is not usable until the customization is completed by DigiTech. How many performance obligations does this contract include? Explain the rationale of your answer.

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