Blue Marine Limited Sells Boats and Provides Mooring Facilities for Its

Blue Marine Limited sells boats and provides mooring facilities for its customers. Blue Marine sells the boats for €60,000 each and provides mooring facilities for €10,000 per year. Blue Marine sells these goods and services separately; therefore, they are distinct and accounted for as separate performance obligations. Blue Marine enters into a contract to sell a boat and one year of mooring services to a customer for €65,000. Blue Marine Limited will allocate the transaction price of €65,000 to the performance obligations as follows:
$\quad$ Boat $\quad$$\quad$ Mooring services

A) $\quad$ € 65,000 $\quad$ Nil
B) $\quad$ Nil $\quad$$\quad$$\quad$ € 65,000
C) $\quad$ € 55,000 $\quad$ € 10,000
D) $\quad$ € 55,714 $\quad$ € 9,286