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EITF 00-21 Replaced – New ASU 2009-13 (EITF 08-1) Allows for Estimated Selling Price
Accounting Standards Update ASU 2009-13 (formerly known as EITF 08-1) introduces a “selling price” hierarchy for multiple-deliverable arrangements and for the first time allows for management selling price estimates in case where no VSOE (Vendor Specific Objective Evidence) or third-party evidence can be determined. This also results in the elimination of the residual method, since now price estimates for all elements of an arrangement are possible.