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    • avatar says

      yr1: costs to date : 300,000 +Est’d costs: 500,000 = 800,000
      800,000 x 30% = 240,000

      yr2: we estimated a loss =1,000,000 – (600,000+500,000) = (100,000)
      plus the specific periode (40,000) we’ll have a (140,000)
      so,Rev 650,000
      spec cost (40,000)
      gen costs ( since we estimated a loss then this will be the balancing figure)
      610,000 – x = -140,000
      x= 750,000
      loss recognised (140,000)
      I hope this is clear lol xD

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