The Mirabel group sells a printing company a digital press, the supply of spare parts for three years and operator training, for 120,000. The three items are distinct performance obligations, and no evidence shows that the discount granted relates to any one of them in particular. Observed stand-alone selling prices: press 50,000, spare parts 70,000, training 30,000. Compute the transaction price allocated to the spare parts and to the training.
- Contract price
- 120,000
- Stand-alone selling price of the press
- 50,000
- Stand-alone selling price of the spare parts
- 70,000
- Stand-alone selling price of the training
- 30,000