Question: Current Attempt in Progress During 2025, Sandhill Company started a construction job with a contract price of $1,580,000. The job was completed in 2027 The

Current Attempt in Progress During 2025, Sandhill Company started a construction job with a contract price of $1,580,000. The job was completed in 2027 The following information is available. (3) Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used. Gross profit recognized in 2025 Gross profit recognized in 2026 \$ Compute the amount of gross profit to be recognized each year, assuming the cost-recovery method is used

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