Company A decided to build a road. The duration of the project was 4 years and the fee amounts to € 300,000. 1st year the expenses of the company amounted to 30,000 €. A's management estimates that the completion of the project will cost an additional 120,000 and this estimate is considered reliable. Within the same year, an amount of € 60,000 was collected, according to the contract 2nd year the costs of the company amounted to € 50,000 and it is reliably predicted that the completion of the project will cost an additional € 110,000. Within the same year, an amount of € 50,000 was collected, according to the contract. 3rd year the costs of the company amounted to € 60,000 and it is reliably predicted that the completion of the project will cost an additional € 30,000. Within the same year, an amount of € 50,000 was collected, according to the contract. 4th year the company completed the project. The expenses of the 4th year amounted to € 40,000. Within the same year, the entire amount of the contract was collected. Assume that A for revenue recognition applies the project implementation rate method. Fill in the missing amounts in the table below. year expenses REVENUE PROFIL/LOSS 1 2 3 4 total
Company A decided to build a road. The duration of the project was 4 years and the fee amounts to € 300,000.
1st year the expenses of the company amounted to 30,000 €. A's management estimates that the completion of the project will cost an additional 120,000 and this estimate is considered reliable. Within the same year, an amount of € 60,000 was collected, according to the contract
2nd year the costs of the company amounted to € 50,000 and it is reliably predicted that the completion of the project will cost an additional € 110,000. Within the same year, an amount of € 50,000 was collected, according to the contract.
3rd year the costs of the company amounted to € 60,000 and it is reliably predicted that the completion of the project will cost an additional € 30,000. Within the same year, an amount of € 50,000 was collected, according to the contract.
4th year the company completed the project. The expenses of the 4th year amounted to € 40,000. Within the same year, the entire amount of the contract was collected.
Assume that A for revenue recognition applies the project implementation rate method. Fill in the missing amounts in the table below.
| year | expenses | REVENUE | PROFIL/LOSS |
| 1 | |||
| 2 | |||
| 3 | |||
| 4 | |||
| total |
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