Vendor-specific objective evidence of separate sales prices is required for multiple-element software contracts, but estimated selling prices can be used for other multiple-element contracts under U.S. GAAP.

Question

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According to ASC 605-25-55-25, for multiple-element software contracts, vendor-specific objective evidence of separate sales prices is required. However, for other multiple-element contracts, estimated selling prices can be used as objective evidence of the standalone selling price of each element.

Vendor-Specific Objective Evidence of Separate Sales Prices Is Required for Multiple-Element