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Flint Company manufactures equipment. Flint's products range from simple automated machinery to complex shstems containing numerous components. Unit selling prices range from 200,000 to 1,500,000

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Flint Company manufactures equipment. Flint's products range from simple automated machinery to complex shstems containing numerous components. Unit selling prices range from 200,000 to 1,500,000 and are quoted inclusive of installation, The installation process does not involve changes to the features of the equipment and does not require proptietary information about this equipment in order for the installed equipment to perform to specifications. Flint has the following arrangement with Winkerbean 5A. - Winkerbean purchases equipment from Flint for a price of 1,040,000 and contracts with Flint to install the equipment. Flint charges the same price for the equipment whether it does the installation or not. The cost of the equipment is 556.000. - Winkerbean is obligated to pay Flint the 1,040,000 upon the delivery and installation of the equipment. Flint delivers and installs the equipment on September 30, 2022. The equipment has a useful life of 10 years. Assume that the equipment and the installation are two distinct performance obligations which should be accounted for separately. Assume Flint does not have the market data to determine the standalone selling price of the installation services, As a realt, an expected cost plus margin approach is used. The cost of installation is e33,800; Flint prices these services with a 25% margin relative to cost. decimal places, e.g. 5.13257 and final answers to 0 decimal ploces, 9.3,5,125 ) Equipment Installation

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