单选题
A company uses the percentage-of-completion method to recognize revenue from its long-term construction contracts and estimates percent completion based on expenditures incurred as a percentage of total estimated expenditures. A three-year contract for €10 million was undertaken with a 30% gross profit margin anticipated. The project is now at the end of its second year, and the following end-of-year information is available:
| Year1 | Year2 | |
| Costs incurred durino year | €3,117,500 | €2,582,500 |
| Estimated total costs | €7,250,000 | €7,600,000 |
The gross profitrecognizedin Year 2 is closestto:
【正确答案】
A
【答案解析】
