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Allocation of Transaction Price GameDay sells recreational vehicles along with secure parking storage to customers. GameDay sells the FB7 model for $62,000, and this price
Allocation of Transaction Price
GameDay sells recreational vehicles along with secure parking storage to customers. GameDay sells the FB7 model for $62,000, and this price includes one year of secure parking storage. GameDay also sell secure parking storage separately for $8,000 per year, and customers can purchase the FB7 model without secure parking storage for $60,000. If a customer purchases the FB7 model with secure parking storage, how should GameDay allocate the transaction price? Round all answers to the nearest dollar.
Transaction price | |
FB7 | $ |
Secure parking storage | $ |
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