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At the beginning of 2 0 2 4 , a construction company that began operations in 2 0 2 2 changed from the completed -

At the beginning of 2024, a construction company that began operations in 2022 changed from the completed-contract method to the percentage-of-completion method for accounting purposes but not for tax purposes. Gross profit figures under both methods for the past three years appear below:
\table[[,Completed-Contract,Percentage-of-Completion],[2022,$466000,$889000
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