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CHALLENGING QUESTIONS 20 Assume the same facts as in Review Question 19, except that XYZ now estimates at the beginning of the 2017 financial year

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CHALLENGING QUESTIONS 20 Assume the same facts as in Review Question 19, except that XYZ now estimates at the beginning of the 2017 financial year that construction costs will be as follows: Year ending Cost 30 June 2016 $10 000 000 30 June 2017 $21 000 000 30 June 2018 $15 000 000 $46 000 000

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