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On October 1, 2024, Wood Corp. sold computer hardware to Garland, Inc. with 12 months of technical support included for $83,500. The computer and the
On October 1, 2024, Wood Corp. sold computer hardware to Garland, Inc. with 12 months of technical support included for $83,500. The computer and the technical support have been determined to be separate performance obligations, and Wood sells each separately. The standalone selling price of the computer hardware is $78,000 and the standalone selling price of 12 months of technical support is $16,000. How much total revenue should Wood recognize from this transaction in 2024
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