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1 2 i ! Required information [ The following information applies to the questions displayed below. ] In 2 0 2 4 , the Westgate

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In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026. Information related to the contract is as follows:
\table[[,2024,2025,2026],[Cost incurred during the year,$2,016,000,$2,808,000,$2,613,600
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