Question
Percentage-of-completion method. Dalton Construction Co. contracted to build a bridge for $8,000,000. Construction began in 2014 and was completed in 2015. Data relating to the
Percentage-of-completion method.
Dalton Construction Co. contracted to build a bridge for $8,000,000. Construction began in 2014 and was completed in 2015. Data relating to the construction are:
2014 2015
Costs incurred $2,640,000 $2,200,000
Estimated costs to complete 2,160,000
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Financial Accounting And Reporting
Authors: Mr Barry Elliott, Jamie Elliott
16th Edition
027377817X, 978-0273778172
