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show formulas used and clearly highlight answers. Upload screenshot to answer sheet ty. QUESTION 1: A) A Ltd sells computer software to B Ltd on

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show formulas used and clearly highlight answers. Upload screenshot to answer sheet ty.

QUESTION 1: A) A Ltd sells computer software to B Ltd on 1 Jul 20X8 for 800,000, a price which includes the provision of a support service for 2 years. A Ltd sells this software to other customers without the support service for 700,000 and has other service contracts providing similar support at a price of 150,000 per annum. What should be recognised for the year ended 31 December 20X8 according to IFRS 15 Revenue from Contracts with Customers

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