Question: September 3 0 , 2 0 2 4 . Estimated standalone selling price of the equipment, installation and technical support are $ _ _ _

September 30,2024. Estimated standalone selling price of the equipment, installation and technical support are $_____, $_____, and $_____ respectively. Each of the 3 goods/serices are considered separate performance obligations. The equipment is delivered and installed on September 30,2024. Technical support began on ____
1,2024 and will continue through the next 12 months. Use these facts to answer questions 1-5.
1 Amount of transaction price allocated to the equipment performance obligation.
2 Amount of transaction price allocated to the installation performance obligation.
3 Amount of transaction price allocated to the technical support performance obligation.
4 How much Unearned Revenue will be reported as a liability on the December 31,2024 balance sheet?
5 What amount of revenue should be recognized on September 30,2024?

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