Question: Middle Com sells and services enterprise (business) computers. Middle Com concluded an order with a government defence department to install and service, for four years,

Middle Com sells and services enterprise (business) computers. Middle Com concluded an order with a government defence department to install and service, for four years, a total of 200 enterprise computers. The deal was agreed with an attractive sales price for each enterprise computer of $1,500. The total price of the order was $396,000. The computers were installed on 1 July 2018.

Required

Apply the criteria of the AASB 15 Revenue from contracts with Customers to explain what may be recognised by Middle Com as income for the year ended 30 June 2019.

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