QUESTION 6 Illustration 6 Growth Limited enters into an arrangement with a customer for infrastructure outsourcing deal. Based on its experience, Growth Limited determines that customizing the infrastructure will take approximately 200 hours in total to complete the project and charges $ 150 per hour. After incurring 100 hours of time, Growth Limited and the customer agree to change an aspect of the project and increases the estimate of labour hours by 50 hours at the rate of $ 100 per hour. Determine how contract modification will be accounted as per IFRS 15.
