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McCombs Contractors received a contract to construct a mental health facility for $2,500,000. Construction was...

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Accounting

McCombs Contractors received a contract to construct a mental health facility for $2,500,000. Construction was begun in 2023 and completed in 2024. Cost and other data are presented below:
\table[[,2023,2024],[Costs incurred during the year,$1,500,000,$1,300,000
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