Final answer:
The completed-contract method of accounting recognizes revenue and expenses when a contract is completed. The exact gross profit to be recognized for years 2014 and 2015 cannot be determined without more context or data.
Step-by-step explanation:
The completed-contract method of accounting recognizes revenue and expenses when a contract is completed. In this case, the question is asking about the gross profit to be recognized for years 2014 and 2015. The options provided indicate four possible combinations of gross profit recognized for those years.
Based on the information provided, it is not possible to determine the exact gross profit to be recognized for each year without more context or data. However, the correct answer must be one of the options provided, so you should carefully review the details of the problem and calculations to select the most accurate option.