Multiple Choice Question

On October $25,$ Yacht Doc received $$200,000$ for a yacht valued at $$180,000$ and a $4-$month service contract. During November, the yacht was delivered and $1$

month of the service contract was performed. The remaining services are to be performed evenly over the next $3$ months. In what month should the $$180,000$ for

the yacht be recognized as revenue?

$\frac{1}{4}$ in November, December, January, and February

November

October

February