Essay
Camden Properties is developing a golf course subdivision that includes 230 home lots; 150 lots are golf course lots and will sell for $125,000 each; 80 are street frontage lots and will sell for $78,125. The developer acquired the land for $5,800,000 and spent another $2,300,000 on street and utilities improvement. Assign the joint land and improvement costs to the lots using the value basis and determine the average cost per lot.
Correct Answer:
Verified
Correct Answer:
Verified
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