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Computing Percentage-of-Completion Revenues Bartov Corporation agreed to build a warehouse for $2,500,000. Expected (and actual) costs for the warehouse follow: 2016, $400,000; 2017, $1,000,000; and
Computing Percentage-of-Completion Revenues
Bartov Corporation agreed to build a warehouse for $2,500,000. Expected (and actual) costs for the
warehouse follow: 2016, $400,000; 2017, $1,000,000; and 2018, $500,000. The company complet-
ed the warehouse in 2018. Compute revenues, expenses, and income for each year 2016 through
2018 using the percentage-of-completion method
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