Construction contracts example 5

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November 9, 2013 at 8:14 am #145141
bheki
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Please help me, I dont understand how 750,000 in year 2 under general costs came about.
My calculation is giving me 715,000 please help guys.

Thanks
November 9, 2013 at 10:31 am #145148
MikeLittle
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You need to recognise the forecast loss in full and the only way that can happen is if you recognise 750,000 worth of costs

OK?
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