Valdrène builds a footbridge for a fixed price of 200,000, with a bonus of 30,000 if the structure is delivered before an agreed date. At inception, Valdrène excluded the bonus from the transaction price, as its assessment of the constraint on variable consideration did not allow it to be included (case data). Six months later, early delivery is certain and the bonus is earned. Compute the change in the transaction price and the revised transaction price.
- Fixed contract price
- 200,000
- Early delivery bonus
- 30,000