97+ pages in selecting an accounting method for a newly 6mb answer in Doc format . The inherent nature of the contractors technical facilities used in construction. 14In selecting an accounting method for a newly contracted long-term construction project the principal factor to be considered should be. The terms of payment in the contract. Read also selecting and in selecting an accounting method for a newly Is made by filing a request for a private letter ruling from the IRS.
In selecting an accounting method for a newly contracted long-term construction project the principal factor to be considered should be the method commonly used by the contractor to account for other long-term construction contracts. 19The selection of an accounting method for tax purposes by a newly incorporated C corporation.

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The terms of payment in the contractb. The degree to which a reliable estimate of the costs to complete and extent of progress toward completion is practicable. The two main accounting methods cash.
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