Two first year accounting associates are discussing the timing of revenue recognition for long-term construction contracts, and more specifically, discussing which method best reflects the point-of-sale/delivery. One associate, Taylor, believes recognizing revenue at the time of completion is the preferred method and most like point-of-sale/delivery revenue recognition.

The other associate, Alex, believes recognizing the revenue over time is the preferred method because revenue is recognized as time progresses (as portions of the contract are completed), and the revenue can be reported sooner.

Do you agree with Taylor or with Alex? Explain why you agree with that associate.