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Silver Inc sells to a customer a perpetual software license and post contract customer support for a 12 month period, commencing at the time that
Silver Inc sells to a customer a perpetual software license and post contract customer support for a 12 month period, commencing at the time that the software is activated Silver Inc charges $780 upfront when the software is purchased and $52 a month for 12 months due at the end of the month Silver Inc sells the software separately for $1,040 while the standalone selling price of the post-contract customer support is $520 Required: How should the transaction price be allocated among the performance obligation(s)? Round each of your answers to the nearest dollar Show your computation
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