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Wildhorse Construction Co . uses the percentage - of - completionmethod. In 2 0 2 4 , Wildhorse began work on a contract for $

Wildhorse Construction Co. uses the percentage-of-completionmethod. In 2024, Wildhorse began work on a contract for $21700000; it was completed in 2025. The following cost data pertain to this contract:
\table[[,Year Ended December 31,],[,2024,2025],[Cost incurred during the year,$7566000,$5441000
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