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How much revenue does the firm recognize the day equipment

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Reference no: EM133011212

A company sells equipment and service contracts. When purchased separately, the equipment costs 9,923, and a 3 year service contract costs 6,811. When purchased together, the costs for both the equipment and service contract are discounted 31 percent of the cost if each were purchased separately. They always deliver equipment the day it is sold.

Problem 1: How much revenue does the firm recognize the day the equipment is sold together with the signing of a service contract?

Reference no: EM133011212

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