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TGW Construction Company enters into a contract to build an office building and detached parking garage for $24 million. TGW determines that the building

TGW Construction Company enters into a contract to build an office building and detached parking garage for $24 million. TGW determines that the building and parking garage represent separate performance obligations. The standalone price of similar structures would be $21 million for the office building and $7 million for the parking garage. How should TGW allocate the transaction price?

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