In 2017, Capri contracts to build a library for $5M that wil…
In 2017, Capri contracts to build a library for $5M that will take 3 years to complete and uses the percentage of completion method. The expected costs per year are as follows: 2017- $.8M, 2018 – $1.5M and 2019 – $2M. What will Capri book as revenue for 2017?
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