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JRE 2 Incorporated entered into a contract to install a pipeline for a fixed price of $ 2 , 4 8 5 , 0 0

JRE2 Incorporated entered into a contract to install a pipeline for a fixed price of $2,485,000. JRE2 recognizes revenue upon contract completion.
\table[[,Cost incurred,\table[[Estimated Cost to],[Complete]]],[2023,$288,000,$1,740,000
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