Question: Problem 6 - 1 0 ( Algo ) Long - term contract; revenue recognition over time [ LO 6 - 8 , 6 - 9

Problem 6-10(Algo) Long-term contract; revenue recognition over time [LO6-8,6-9]
[The following information applies to the questions displayed below.]
In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026. Information related to the contract is as follows:
\table[[Cost incurred during the year,2024,2025,2026],[Estimated costs to complete as of year-end,$2,542,000,$3,772,000,$2,074,600
Problem 6 - 1 0 ( Algo ) Long - term contract;

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