Howard Construction Co Contracted To Build A Bridge For 3 000 000 Construction B

Howard Construction Co. contracted to build a bridge for $3,000,000. Construction began in 2012 and was completed in 2013. Data relating to the construction are:

                                                                                               2012            2013 

           Costs incurred                                                     $990,000      $825,000

           Estimated costs to complete                              810,000               —

Howard uses the percentage-of-completion method.

 

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