Question
A company is a full-service manufacturer of surveillance equipment. Customers can purchase any combination of equipment, installation services, and training. Each of these performance obligations
A company is a full-service manufacturer of surveillance equipment. Customers can purchase any combination of equipment, installation services, and training. Each of these performance obligations are separate with individual standalone selling prices. A customer purchased equipment, installation, and training at a total price of $75,000. Estimated standalone selling prices of the equipment, installation, and training are $90,000, $8,000, and $2,000, respectively. What is the transaction price to be allocated to installation? (Round to the nearest dollar if necessary.)
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