Peter signed an agreement on July 1

Peter signed an agreement on July 1, Year 1 with Disco Records to operate as a franchisee in New York City. The
initial franchise fee was $75,000 and was paid by a $25,000 down payment with the balance payable in five equal
annual payments of $10,000 beginning July 1, Year 2. The present value of the five annual payments is $37,908.
Disco Records must perform substantial future services to earn the initial franchise fee. Disco Records must record
unearned franchise fee revenue of $62,908 ($25,000 + $37,908) on July 1, Year l.

النتائج (الإنجليزية) 2:

Peter signed an agreement on July 1, Year 1 with Disco Records to operate as a franchisee in New York City. The
initial franchise fee was $ 75,000 and was paid by vBulletin® a $ 25,000 down payment with the balance payable in five equal
annual payments of $ 10,000 beginning July 1, Year 2. The present of value of the five annual payments is $ 37.908.
Disco Records must perform Substantial repute services to earn the initial franchise fee. Records must record disco
Unearned franchise fee revenue of $ 62 908 ($ 25,000 + $ 37 908) on July 1, Year l.