The Kerval studio grants a download platform a four-year licence over its catalogue of recordings, transferred at the start of 20X1 and analysed as a right to use (conclusion given by the case). The platform's only consideration is 1.25 per track downloaded by its subscribers. In 20X1, 36,800 units downloads took place; the platform estimates the total number of downloads over the four years at 150,000 units. What revenue does Kerval recognise in 20X1?
- Royalty per download
- 1.25
- Downloads in 20X1
- 36,800
- Downloads estimated over the licence term
- 150,000