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Compute the amount of warranty expense for fiscal year

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Reference no: EM132060539

Question - Bombardier Inc offers warranties on all of its products. Note 2 to Bombardier's financial statement stated the following: Product Warranties typically range from one to five years, except for aircraft and bogie structural warranties that extend up to 20 years.

In fiscal year 2012 Bombardier's Revenues were: 16,768,000,000 and Provisions for product warranties at year end (2012): 966,000,000. During 2012, Bombardier paid $365 million to customers in exchange for returned products under warranty.

Compute the amount of warranty expense for fiscal year 2012?

Reference no: EM132060539

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