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Streetside Construction decided to complete construction in 3 years. However, cutting back 1 year in...

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Accounting

Streetside Construction decided to complete construction in 3 years. However, cutting back 1 year in construction schedule means an increase in total estimated costs. Assume that at beginning of year 3 total estimated costs to complete the job in three years were revised to $35,000,000. Under the percentage of completion method, the loss for year three would be:

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