On $15$ October $2023,$ Purple Press $($Pty$)$ Ltd entered into a contract with Plus Account$-$

ing $($Pty$)$ Ltd in terms of which Purple Press $($Pty$)$ Ltd will supply all of their offices with

brand new Business $358$ci printers.

Plus Accounting $($Pty$)$ Ltd has five offices, and they require two printers per office. Plus

Accounting $($Pty$)$ Ltd will pay an all$-$inclusive price of R$85000$ per printer. Besides

the printer unit, the purchase price also includes the set$-$up and configuration of each

of the printers, as well as a $16-$month maintenance contract.

The printers were delivered to Plus Accounting $($Pty$)$ Ltd on $29$ October $2023.$ The set$-$

up and configuration of the printers were done by Purple Press $($Pty$)$ Ltd$$s technicians

on $31$ October $2023.$ Plus Accounting $($Pty$)$ Ltd paid the full purchase price on $30$

November $2023.$

The following prices were applicable on the transaction date:

Cost price Sales price

Business $358$ci printer R$30000$ R$45000$

Technician services $($Note $1)$ R$990$ per hour R$1500$ per hour

Note $1$ Due to salary increases, the cost price and the sales price per technician

hour will increase by $3\mathrm{.}5\%$ effective $1$ January $2024$ and another $3\mathrm{.}5\%$ effective $1$

January $2025.$

The set$-$up and configuration of a Business $358$ci printer normally takes $45$ minutes

for a technician to complete.

For maintenance contracts Purple Press $($Pty$)$ Ltd charges their clients a standard $1\mathrm{.}5$

technician hours per month per printer, irrespective of whether the client makes use

of the full $1\mathrm{.}5$ hours per month.With reference to Transaction $2,$ allocate the transaction price according to

Step $4$ of the $5-$step approach in accordance with IFRS $15$ of the International

Financial Reporting Standards. Note: Assume the discount included in the

transaction price to be attributable to all performance obligations included in the

contract.