What amount of gross profit will be recognized


Yogi Bear corporation sold equipment to Magilla Company for $20,000.The equipment is on Yogi's books at a net amount of $14,000.Yogi collected $10,000 in 2007, $5000 in 2008, $5000 in 2009.If Yogi uses the cst recovery method, what amount of gross profit will be recognized in each year.

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Accounting Basics: What amount of gross profit will be recognized
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