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Am I required to break out maintenance from the software purchase?

Cathy  Bass's Profile

My company purchased software. The maintenance for the first year was waived. How do I record this according to GAAP?

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

Is the warranty an assurance type or extended?

If its assurance, then there is nothing to break out.

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