on october 25, yacht doc received $200,000 for a yacht valued at $180,000 and a 4-month service contract. during november, the yacht was delivered and 1 month of the service contract was performed. the remaining services are to be performed evenly over the next 3 months. in what month should the $180,000 for the yacht be recognized as revenue?

In average, yacht models may cost anywhere from $500,000 to $10,000,000, depending on size, year, and model. According to the Boats Group market index, the average cost of a yacht in the 56′-79′ range in the United States for 2021 was $1.1 million.

Many luxury megayachts and superyachts can traverse the ocean, but not all are equipped or designed to do so. It is approximately 3,000 nautical miles. If the yacht lacks this range, there are alternative options for transporting it across the ocean on a cargo ship or huge container ship.

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