Meyer & Smith is a full-service technology company.They provide equipment, and installation services as well as training. Customers can purchase any product or service separately or as a bundled package. Container Corporation purchased computer equipment, installation and training for a total cost of P120,000 on March 15,20x5. Estimated standalone fair values of the equipment, installation, and training are P75,000,P50,000, and P25,000 respectively.The transaction price allocated to equipment,installation and training:
Meyer & Smith is a full-service technology company.They provide equipment, and installation services as well as training. Customers can purchase any product or service separately or as a bundled package. Container Corporation purchased computer equipment, installation and training for a total cost of P120,000 on March 15,20x5. Estimated standalone fair values of the equipment, installation, and training are P75,000,P50,000, and P25,000 respectively.The transaction price allocated to equipment,installation and training:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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42. Meyer & Smith is a full-service technology company.They provide equipment, and installation services
as well as training. Customers can purchase any product or service separately or as a bundled package.
Container Corporation purchased computer equipment, installation and training for a total cost of
P120,000 on March 15,20x5. Estimated standalone fair values of the equipment, installation, and training
are P75,000,P50,000, and P25,000 respectively.The transaction price allocated to equipment,installation
and training:
answer is 60,000,P40,000 and P20,000 respectively. provide the solution.
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