Revenue

Hi tutor. Is the following question a part of the syllabus? I got it from the Sept 2016 exam.

Mighty IT Co provides hardware, software and IT services to small business customers.
Mighty IT Co has developed an accounting software package. The company offers a supply and installation service for
$1,000 and a separate two-year technical support service for $500. Alternatively, it also offers a combined goods and
services contract which includes both of these elements for $1,200. Payment for the combined contract is due one month
after the date of installation.
In December 20X5, Mighty IT Co revalued its corporate headquarters. Prior to the revaluation, the carrying amount of the
building was $2m and it was revalued to $2·5m.
Mighty IT Co also revalued a sales office on the same date. The office had been purchased for $500,000 earlier in the
year, but subsequent discovery of defects reduced its value to $400,000. No depreciation had been charged on the sales
office and any impairment loss is allowable for tax purposes.
Mighty It Co’s income tax rate is 30%