______ Meyer & Smith is a full-service technology company. They provide equipment, installation services as well...

______ Meyer & 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, 2021. Estimated standalone fair values of the equipment, installation, and training are $75,000, $50,000, and $25,000 respectively. 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.

Expert Solution

ekkarill92 answered 2 years ago

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