What was revenue recognized in year one two and three

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Problem

Using the same data and information from the previous question, the new contract price is $624, estimated construction costs are now $480 million, and the total estimated profit is believed to be $144 million. During the 3 year project, State Construction Corp. incurs $48 million in year 1, 288 million in year 2, and 144 million in year 3. Get the instant assignment help. What was the revenue recognized in year 1, year 2, and year 3 in millions?

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