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Saris Systems sold software to a customer for $95,000. As part of the contract, Saris...

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Accounting

Saris Systems sold software to a customer for $95,000. As part of the contract, Saris promises to provide support over the next six months. Saris sells the same software without support for $82,500 and a stand-alone six-month support contract for $27,500, so these products would sell for $110,000 if sold separately. How much of the transaction price is allocated to the software?

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