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Need answer of this question fast my exam is running Beck Construction Company began work on a new building project on January 1, 2020. The

Need answer of this question fast my exam is running

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Beck Construction Company began work on a new building project on January 1, 2020. The project is to be completed by December 11 31, 2022, for a fixed price of $108 million. The following are the actual costs incurred and estimates of remaining costs to complete the project that were made by Beck's accounting staff: Estimated remaining costs to complete the Years Actual costs incurred in each year project (measured at Dec. 31 of each year) 12 2020 $30million $60million points 2021 $45miuion $45miuion 2022 $35miuion $ 0 Required: What amount of gross prot (or loss) would Beck record on this project in each year, assuming that Beck recognizes revenue for this project over time according to percentage of completion? (Loss amounts should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) million

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