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Dylex Corporation shipped software to a customer on September 1, 2020. The arrangement with the customer also requires the company to provide technical support over
Dylex Corporation shipped software to a customer on September 1, 2020. The arrangement with the customer also requires the company to provide technical support over the next 12 months and to ship an expected software upgrade on January 1, 2021. The total contract price is $219,200, and Dylex Corporation estimates that the individual stand-alone values of the components of the arrangement if sold separately would be:Software $103,400Technical support 57,200Upgrade 59,400a) What share of the total contract price will each component recognize? Please make sure your final answer(s) are accurate to the nearest whole number.
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