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Under GAAP, revenue from a perpetual software license is typically recognized upfront at the point of sale, provided that certain criteria are met. The amortization of any associated costs, such as implementation or customization, may occur over the expected customer relationship period, usually between one to five years. However, the specific terms of the contract and any ongoing support or maintenance agreements can also influence the timing and method of revenue recognition. Therefore, it's essential to evaluate the specific circumstances of each license agreement.
What else can I help you with?
Can a revenue commission certificate also serve as business license?
no
What type of software is Cloud9?
Cloud 9 is a type of software used by businesses to generate forecasts of revenue for the company. It helps businesses analyze their statistics and maximize their revenue.
What is the fullform of CRO in software field?
cargo revenue optimizer
What is Bronto Software's motto?
Bronto Software's motto is 'Driving Revenue Through Email, Mobile, Social'.
Is license fee imposed for revenue?
Yes, a license fee is often imposed as a form of revenue generation by governments or regulatory bodies. These fees are typically charged for the right to engage in certain activities, such as operating a business, using public resources, or practicing a profession. The revenue collected from license fees can help fund public services and regulatory oversight.
What is License revenue?
It's revenue gained from the licensing of a certain product or service as opposed to the physical product itself. For example a software vendor can sell 10 copies of it's software or it can sell 10 licenses, the licenses are just permission to use the product just like the physical product only it becomes more convenient to use a licensing method if you have many different assets to manage. Businesses use a licensing approach to their software more than general consumers.
How can you apply for a wholesale dealer license for used cars in Alabama?
Contact the Alabama Department of Revenue. They handle dealer license.
Is software considered a fixed asset?
if software is purchased and price is paid at once and used for many years then it is fixed asset but if you purchase a software and after that every year you need to renew the license of using that software then this lisence cost is current asset and price paid for purchasing software is fixed asset. For Example: software purchased for $1000 and lisence renew fee for every year is $100 then $1000 is fixed asset and $100 is current asset or revenue asset.
What does TV shows generate there revenue by?
By selling airtime to companies that wish to advetise their product on the channel. The BBC is funded by the T.V. license revenue.
Is a driver's license a right or a privilege?
A driver's license is a privilege, and may be removed by your state's Department of Revenue for any kind of misuse or noncompliance.
How do you obtain North Carolina Resellers license?
The North Carolina Department of Revenue will be happy to assist you.
How much money is Opera Software worth?
Revenue for Q42009 was 140-145 MNOK.
