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On 1 st July 203, Company A signs a contract with a customer under which Company A delivers an equipment on that date and then
On 1 st July 203, Company A signs a contract with a customer under which Company A delivers an equipment on that date and then provides support services for the next three years. The contract price is 840,000. The cost of the support services is estimated at $60,000 pa and Company A normally makes a profit margin of 25% on such work alone. The SASP of the goods will be 720,000. The SASP of services will be 240,000. The customer has paid the full cash of 840,000 on 1st July 20X3.FYE 31/12/20X3. How much revenue for the year ended 31 December 203
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