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During the three-year construction period, State Construction incurred costs as follows: State Construction uses the cost-to-cost method to recognize revenue. Which of the following represents the revenue recognized in 2015 ? $52 million $150 million None of the other answers. $40 million On December 31, 2014, State Construction Inc. signs a contract with the state of West Virginia Department of Transportation to manufacture a bridge over the New River. State Construction anticipates the construction will take three years. The company's accountants provide the following contract details relating to the project