CERTYNEX IFRS ACADEMY

The publisher Kerjean pays 40,000 to a distributor customer for footfall data from its outlets. Kerjean concludes that this is a distinct service but cannot reasonably estimate its fair value. How should the 40,000 be treated?

As a purchase of services of 40,000, since the service received is distinct.

Entirely as a reduction of the transaction price.

Half as a purchase of services and half as a reduction of the price, for lack of a better estimate.

As an intangible asset, since the data have lasting value for Kerjean.