Under the percentage-of-completion method,the amount debited to "construction expense" each period is the actual construction costs incurred in that period.

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The percentage-of-completion method requires the recognition of revenue and expenses as work progresses, based on the percentage of completion. Therefore, the amount debited to "construction expense" each period is the actual construction costs incurred in that period.

Under the Percentage-Of-Completion Method,the Amount Debited to "Construction Expense" Each