Attributable Profit

Attributable Profit
Attributable profit is the portion of the total estimated profit from a long-term contract, reflecting the fair share of work completed, minus estimated remedial, maintenance, and other non-recoverable costs at a specific accounting date.
Long-Term Contract
A long-term contract spans multiple accounting periods and involves the design, manufacture, or construction of significant assets, such as in construction or civil engineering industries. Proper accounting measures must be taken to allocate reasonable profit to each period.

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