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Compute the amount of gross profit to be recognized each year, assuming the cost-recovery method is used. During 2025 , Crane Company started a construction

Compute the amount of gross profit to be recognized each year, assuming the cost-recovery method is used. During 2025 , Crane Company started a construction job with a contract price of $1,590,000. The job was completed in 2027 . The following information is available

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