Question 26 (1 point) Under ASPE, when selecting an accounting method for a newly contracted long-term construction project, the principal factor to be considered should be the method commonly used by the contractor to account for other long-term construction contracts. the terms of payment in the contract. the inherent nature of the contractor's technical facilities used in construction. the degree to which a reliable estimate of the costs to complete and extent of progress toward completion can be made. Question 27 (1 point) Which of the following statements applies to the recognition of property, plant, and equipment acquisitions? It is probable that the item's associated future benefits will flow to the entity. It is probable that the item's associated future benefits will flow to the entity, and the cost can be measured reliably. The cost can be measured reliably. It is certain that the item's associated future benefits will flow to the entity