Question: Build a Bridge Inc. started a contract in May 2 0 2 3 to build a small foot bridge at a fixed price of $

Build a Bridge Inc. started a contract in May 2023 to build a small foot bridge at a fixed price of $10 million. The bridge was to be completed by September 2025. Total cumulative costs incurred by the end of December 2023 and 2024 were $2 million and $5.5 million, respectively Build a Bridge Co, is unable to estimate the total cost of the project prior to completion. Final costs at the end of the project totalled $9 million.

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