Accounting · Revenue from Contracts with Customers
TechCo incurred 20,000 in sales commissions directly attributable to securing a 3-year customer contract. This incremental cost of obtaining a contract is capitalised as an asset under IFRS 15 and amortised on a systematic basis. What is the contract cost amortisation expense recognised in the Year 1 Profit or Loss statement?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 120,000
- 26,667✓
- 35,000
- 40
Correct answer
6,667
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