Winkerbean purchases equipment from Crankshaft for a price of

$$1,000,000$ and contracts with Crankshaft to install the equipment.

Crankshaft charges the same price for the equipment irrespective

of whether it does the installation or not $($in other words, you get

FREE installation$).$ Using market data, Crankshaft determines

installation service is estimated to have a standalone selling price of

$$50,000.$ The cost of the equipment is $$600,000.$

Crankshaft delivers the equipment on June $1,2020,$ and completes

the installation of the equipment on September $30,2020.$

How should the transaction price of $$1,000,000$ be allocated among

the service obligations?