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Syco Company signed a long-term contract in 201 to build a hydroelectric plant for the lowa Power Company for $110,000,000. Syco initially estimated cost to

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Syco Company signed a long-term contract in 201 to build a hydroelectric plant for the lowa Power Company for $110,000,000. Syco initially estimated cost to be $90,000,000. Cost incurred each year and estimated cost to complete at the end of each year are as follows: How much profit should the company recognize for the year ended 202

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