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Notes to ASC605-25 ASC605-25 Multiple Elements Arrangements provides guidance on how to determine whether an arrangement includes multiple deliverables, how to separate those deliverables into units of accounting and how to allocate consideration to those units of accounting. However, it does not address when revenue should be recognized for deliverables determined to be a separate unit of accounting. The applicable revenue recognition guidance (such as ASC 605 -15 Products, reflects the changes due to Accounting Standards Update 2009-13 (EITF 08-1). The amendments in this update will be effective prospectively for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010. Once a vendor has identified the scope of an arrangement, identified the deliverables contained therein and determined that certain or all deliverables included in the arrangement are not subject to separation guidance contained in higher-level literature, it must evaluate the deliverables to determine if they can be accounted for as separate units of accounting. ASC605-25 -5 establishes the following two criteria, all of which must be met, in order for a deliverable to qualify as a separate unit of accounting: The delivered item or items have value to the customer on a standalone basis. The item or items have value on a standalone basis if they are sold separately by any vendor or the customer could resell the delivered items on a standalone basis. In the contest of a customer’s ability to resell the delivered items, this criterion does not require the existence of an observable market for the deliverables. b. If the arrangement includes a general right of return relative to the delivered item, delivery of performance of the undelivered item or items is considered probable and substantially in the control of the vendor Although guidance is silent as to what revenue recognition method should be applied to a combined unit of accounting, t