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Question 2 (5 points) Numerica Inc., a software company sells a new accounting software and user support bundled together. The fair value of the software
Question 2 (5 points) Numerica Inc., a software company sells a new accounting software and user support bundled together. The fair value of the software is $750 and the fair value of the user support is $250. The user support is valid for a period of 12 months calculated from the date of software purchase. To be able to compete with a competitor's offering. Numerica decided to sell the bundle at a discount for $900. Required: 1) Calculate the sale price that should be allocated to each component of the bundle using the fair value method. 2) Prepare the journal entries to record the initial sale of one bundle for $900.00 o @ 1:11 4/14/0 e to search
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