Cost recovery method recognized, difference, recovery, between

water2012

Is there any difference between the cost recovery method used for installment sales and for contruction projects???

When should I recognized profit??? is it with costs... or after I have paid all the cost????

orang3eph

Ok thanks notic4lyf and good luck on saturday.....

nitoha

You can't use cost recovery method for construction projects because there is no historical cost basis. I think that's what you're asking?