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Business, 31.05.2020 03:01 mleighaj9560

Pleasant Hills Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and will sell for $100,000 each; 125 are street frontage lots and will sell for $70,000. The developer acquired the land for $1,850,000 and spent another $1,450,000 on street and utilities improvement. Compute the amount of joint cost to be allocated to the street frontage lots using value basis.

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