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Author Question: Rondo Construction, a calendar year taxpayer, starts a new long-term construction project in ... (Read 88 times)

APUS57

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on: Sep 13, 2020
Rondo Construction, a calendar year taxpayer, starts a new long-term construction project in December that is expected to last about 18 months. The project is a mall. Because of some contingencies, it is difficult to estimate total costs this early in the project. Rondo can elect to defer income recognition under the modified percentage of completion method if costs completed by year-end are less than
◦ 50% of the total estimated cost.
◦ 20% of the total estimated cost.
◦ 5% of the total estimated cost.
◦ 10% of the total estimated cost.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by APUS57 on Sep 13, 2020

joshbk44

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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APUS57

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

olderstudent

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Reply 3 on: Yesterday
Excellent

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