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Calculate the transaction price allocated to equipment

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Question - Meyer and Smith is a full service technology company. They provide equipment, installation services as well as training. Customers can purchase any product or service separately or as a bundled package. Container Corporation purchased computer equipment, installation and training for a total cost of $120,000 on March 15, 2014. Estimated standalone fair values of the equipment, installation, and training are $75,000, $50,000, and $25,000 respectively.

Calculate the transaction price allocated to equipment, installation and training is

a. $75,000, $50,000, $25,000 respectively.

b. $40,000, $40,000, $40,000 respectively.

c. $120,000 for the entire bundle.

d. $60,000, $40,000 and $20,000 respectively.

Reference no: EM132189561

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