Questions $46$ through $48$ relate to the case below

Koninkljke Bam Group is a Duach construction company focuyed on residential and nonresidential conderuction, utilies and facility management among others. Its financial statements follow the IFRS, Koninklije Eam Group plans to undertake a network construction project. The bid was $68,000,000$ and estimated costs to complete were $65,000,000.$ All of the $68,000,000$ wil be paid in cash once the conatruction completes. The outcome of a contract can be measured reliably. The project takes two years to complete. In the first year, the total costs incuered were $63,000,000.$ In the second year, if incurred a cost of $62\mathrm{.}500,000.$ In other words, there is a cost overrun in year $2.$

Question: The appropriate revenue recognition method for the network construction project should be $$

Select one:

a intsal ment sales method

b$.$ percentage$-$of$-$completion method

c$.$ cost recovery method

d$.$ complened contract method