Identify the performance obligations in each of contracts

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1. A company enters into a contract to supply a customer with a computer system. The contract also provides the customer with technical support for the next 12 months. The computer is usable without the technical support and the company often sells computers and technical support services separately.

2. A company enters into a contract to build a factory for a customer. The company will install heating, lighting and air conditioning systems into the building before handing it over to the customer. The company frequently supplies such systems separately and installs them into existing buildings owned by customers.

Required:

Question 1: Identify the performance obligations in each of these contracts not more than 5 lines, in accordance with IFRS 15

Reference no: EM132512865

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