ABC Co. is engaged in providing cable TV services. On November 1, 2021, the Company entered a cable TV service to a customer, who paid in one month advance, the monthly fee of 1,000 cable subscription. The contract is non-cancellable for the first 12 months. The cable connection installation is done on December 1, 2021 yet the customer decided not to pursue the contract. ABC Co. does not provide a separate service for cable installation to customers unless they sign a subscription contract. The estimated cost of installation is 800.What is the total revenue

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Leasing

Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.