Question
Speed Co. is an established recreation boat dealer. Their service center provides all scheduled maintenance services at no additional charge for any customer who purchases
Speed Co. is an established recreation boat dealer. Their service center provides all scheduled maintenance services at no additional charge for any customer who purchases a boat and for as long as that customer owns the boat. The customer also may choose to have the maintenance services performed by others dealership. Neither Speed Co. nor any other dealer sells the boat without the same type of lifetime maintenance services. However, for customers who did not purchase their boat from Speed Co, they can purchase the maintenance services separately. The boats are sold subject to a limited warranty and there are no refund rights in the arrangement. Comment on the unit of accounting for the automobile and the maintenance services
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