Albert Company Agreed to Build a Bowling Complex for Pins

Multiple Choice

Albert Company agreed to build a bowling complex for Pins R Us for a price of $2,000,000.The project is expected to take three years to complete.Albert estimated that the total cost of the project would be $1,600,000.During the first year,construction costs amount to $600,000.If Albert uses the percentage of completion method,how much revenue will be recognized for the first year?

A) $0.
B) $150,000.
C) $600,000.
D) $750,000.