Roma, Incorporated, an IFRS reporting company, signs a contract at the beginning of 2020 to design and build a new computer system. The project will take four years to complete, but the managers are not able to estimate the cost of the project. The following information is available on the contract.

Total revenue = $ 15,000,000

Cost incurred during 2020 = $ 2,000,000

How much revenue will Roma, Incorporated recognize on the project in 2020?

	a.	$ 2,000,000
	b.	$ 3,750,000
	c.	$ 3,000,000
	d.	None