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CalculationAdvancedVariant — group VG.IFRS15.000601Published

Question · Amortisation and impairment of contract cost assets

On 1 April 20X1, Corvelle signs a remote monitoring subscription of 24 months and pays its sales agent a commission of 9,000, recognised as an asset. Corvelle anticipates a specifically identified extension of 12 months, with no new commission. The service is provided evenly every month. Corvelle's reporting date is 31 December. What is the amortisation expense of this asset for the year 20X1?

Commission recognised as an asset
9,000
Term of the signed subscription
24
Term of the anticipated extension
12
Your answer

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