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Microsoft Corporation sells software to a customer for $200,000. The customer pays $50,000 upfront and agrees to pay the remaining amount in five annual installments,
Microsoft Corporation sells software to a customer for $200,000. The customer pays $50,000 upfront and agrees to pay the remaining amount in five annual installments, with payments varying based on the customer's usage. Assuming an appropriate interest rate, calculate the revenue recognized by Microsoft in the first year using the installment sales method.
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