Abba is a full-service technology company. They provide equipment, installation services as well as training. Customers...
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Abba 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. LPA Corp purchased computer equipment, installation and training for a total cost of $94,000 on May 9, 2018. Estimated standalone fair values of the equipment, installation, and training are $70,000, $5,000, and $25,000 respectively. Calculate the transaction price allocated to equipment, installation and training. [6 points] Computer equipment: A Installation: A Training: Abba 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. LPA Corp purchased computer equipment, installation and training for a total cost of $94,000 on May 9, 2018. Estimated standalone fair values of the equipment, installation, and training are $70,000, $5,000, and $25,000 respectively. Calculate the transaction price allocated to equipment, installation and training. [6 points] Computer equipment: A Installation: A Training:
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computer equipment 65800 installation 4700 training 23500 working total ... View the full answer
Related Book For
Statistics The Exploration & Analysis of Data
ISBN: 978-1133164135
7th edition
Authors: Roxy Peck, Jay L. Devore
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