Variable Consideration

On March $1,$ Year $1,$ Elkhart enters into a new contract to build a specialized warehouse for $$7$ million. The promise to transfer the warehouse is determined to be a performance obligation. The contract states that if the warehouse is usable by November $30,$ Year $1,$ Elkhart will receive a bonus of $$600,000.$ For every week after November $30$ that the warehouse$-$is not usable, the bonus will decrease by $$150,000.$ Elkhart provides the following completion schedule:

$\backslash$table$[[$Expected Completion Date,Probability$],[$November $30,60\%$