Question $11(1$ point$)$

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Jackson Co$.$ developed software that helps golfers track their ball. Allan paid a licensing fee of $$1,000$ for a copy of the software. Although Allan can use the software as long as he wants, Jackson Co$.$ expects that Allan will use the software for approximately $5$ years. Jackson Co$.$ does not anticipate any further interaction with Allan following transfer of the license. How much revenue should Jackson Co$.$ recognize in the first year of the contract?

$$200.$

$$250.$

$$500.$

$$1,000.$

$$0.$