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Based on the percentage of completion method and the following information, how much profit will be recorded for 2025? Year Actual Costs Incurred Total Estimated

Based on the percentage of completion method and the following information, how much profit will be recorded for 2025? Year Actual Costs Incurred Total Estimated Project Costs Percentage of Completion Total Revenue for Contract 2023 $200 $1,000 $1,500 2024 $300 $1,000 $1,500 2025 $500 $1,000 $1,500 Total $1,000

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