Datavia signs a 3-year maintenance contract with a customer worth 240,000. It pays its salesperson a commission of 5 % of the value of contracts signed. Before signing, it incurred external legal fees of 3,000 and travel costs of 2,000, which would have been incurred even without obtaining the contract. Datavia expects to recover its costs and does not apply the practical expedient. What amount does it recognise as an asset for the costs of obtaining the contract?
- Contract value
- 240,000
- Commission rate
- 5 %
- Legal fees
- 3,000
- Travel costs
- 2,000