Problem $8$: At contract inception, DL assesses its performance obligation in the

contract and concludes that the contracts is a single performance obligation that be

satisfied over time. However, DL Corp. cannot catimate the outcome of the

construction project entered into a project to construct a house for P$4,500,000$ but

the entity expects to recover the cost incurred in the project. The project was

completed in $202.$ The customer controls the project as the entity creates the

project. The following records are available for this project:

The total recognized revenue during $201$ and $202$ :

Assuming the company can estimate the outcome of the construction project, using

the cost to cost method, how much is the contract revenue?

Assuming the company recognizes revenuc at point in time, how much is the

contract revenue?

d$.1,500,000,3,000,000$