Question 4 (b) An entity makes a sale of a computer on 1 March 20X1 for R500,000 plus R50,000 for two years after sales servicing. The goods have been despatched and the full amount has been received from the customer of R550,000. The reporting date is 31 December 20X1 Required: Calculate the amount of revenue that should be recognised in the year ended 31 December 20X1 in respect of the above transaction. State your answer to the nearest R