Page 370 - FR Integrated Workbook 2018-19
P. 370

Chapter 24








                   Example 3 cont.





                   Revenue for the machine may be recognised on delivery, revenue in respect
                   of the support will be spread over the two-year period.


                   Revenue to be recognised in year ended 31 December 20X7:
                                                                                  $

                   Machine                             $270,000 in full       270,000
                   Support                            $126,000 × 4/24           21,000

                                                                               ———–
                   Total revenue recognised                                   291,000

                                                                               ———–

















































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