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Business, 24.04.2021 02:00 driskell3

Meyer & Smith is a full-service technology company. They provide equipment, 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 $120,000 on March 15, 2014. Estimated standalone fair values of the equipment, installation and training are $75,000, $50,000 and $25,000 respectively. Assuming that the training services will be performed in June 2014, the journal entry to record the transaction on March 15, 2014 will include a

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