= Homework: Week Three Question 7, E18.1 (similar to) HW Score: 14.32%, 3.15 of 22 points Points: 0 of 1 Save WestSide Services leases several computer servers from Sutton Computing Company. The lease agreement includes consulting and training updates. The standalone prices charged by Sutton for each separate component are $760,000 for the servers and $240,000 for the consulting and training. The lease is for 5 years with fixed payments of $340,000 per year. There are also variable payments required amounting to $9,000 per year on average based on the metered usage of the servers. There is no minimum charge included in the contract. Requirement Assuming that WestSide allocates consideration based on relative standalone selling prices, determine the allocation of the total consideration to the computer servers and the consulting and training updates. Begin by selecting the contract component for each element. Then, complete the table to determine the allocation of the total consideration to the computer servers and the consulting. Contract Element Server (Computer Equipment) Consulting and Training Services Totals Standalone Contract Component Selling Prices Percentage % % 100 % Allocation of Total Contract Consideration Allocation of Annual Lease Payment Clear all Check answer Help me solve this Etext pages Get more help - 57F Partly sunny Type here to search 1:28 PM 1/24/2022