Fowler inc. purchases new appliances for several new restaurants that are under construction. godwin sells the appliances to fowler and agrees to retain physical possession of the appliances until fowler's restaurants are ready to take delivery. the total contract price is $45,000. godwin has separated the appliances from its other appliance inventory and clearly marked them as belonging to fowler. godwin has already prepped the appliances for immediate delivery, and the product will not be directed to another customer. how much revenue should godwin recognize in the current period from this contract?
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