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Sheridan Construction Company has entered into a contract beginning January 1,2025, to build a parking...

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Accounting

Sheridan Construction Company has entered into a contract beginning January 1,2025, to build a parking complex. It has been estimated that the complex will cost $596,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $902,000. The following data pertain to the construction period.
\table[[,2025,2026,2027],[Costs to date,$256,280,$429,120,$606,000
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