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On November 1, 2019, Gerakos Corporation sold software and asix-month technical support contract to a...

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Accounting

On November 1, 2019, Gerakos Corporation sold software and asix-month technical support contract to a customer for $80,000.Gerakos sells the same software without technical support for$60,000. It sells technical support for $30,000. Gerakos allocatesthe transaction price based on relative stand-alone values.

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What amount of revenue does Gerakos recognize in 2019 and in2020?

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