On May 22, Digger Ltd. sold an excavator and an extra grapple bucket for $230,000. Digger normally
Question:
On May 22, Digger Ltd. sold an excavator and an extra grapple bucket for $230,000. Digger normally sells the excavator for $220,000 and the grapple bucket for $30,000. Digger tracks excavator and accessory sales separately. Determine how the revenue would be allocated between excavator and accessory sales.
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Allocate the transaction price in proportion of the standa...View the full answer
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9781119594574
8th Canadian Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
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