Brutus Construction started work on a new high rise building on January 1,2016,The project completion date is December 2018.The contract price is $54,000,000.The following are the actual costs incurred and estimates of cost to complete the project.
Calculate gross profit or loss for each year using the completed-contract method.

Question

Brutus Construction started work on a new high rise building on January 1,2016,The project completion date is December 2018.The contract price is $54,000,000.The following are the actual costs incurred and estimates of cost to complete the project.
  Calculate gross profit or loss for each year using the completed-contract method.

Quizplus · Accepted Answer

The Answer of Brutus Construction started work on a new high rise building on January 1,2016,The project completion date is December 2018.The contract price is $54,000,000.The following are the actual costs incurred and estimates of cost to complete the project.
  Calculate gross profit or loss for each year using the completed-contract method.

Brutus Construction Started Work on a New High Rise Building