The Downton (florida) Racers were a semi professional carriage racing team that competed up until the early 1930's. Mary Crawley owns the Downtown Racers trademark, and recently licensed it to the Downton (California) Racers roller derby team. The license allows the roller derby team to use the trademark for five years for a total of $15,000 Under IFRS , how much revenue would Mary recognize in year 1 of the license?

15,000

0

3000

1500