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Brady Telecom sells commercial computer systems with a fair value of $160,000 to customers for $180,000. The sale price includes an installation fee valued at
Brady Telecom sells commercial computer systems with a fair value of $160,000 to customers for $180,000. The sale price includes an installation fee valued at $25,000. Installation is considered a separate performance obligation. If the systems cost Brady $100,000, how should it allocate payment to the computer system and the installation?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
