Business, 10.12.2019 03:31 Idkdumb

Heart & home properties is developing a subdivision that includes 470 home lots. the 220 lots in the canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 250 lots in the hilltop section offer unobstructed views. the expected selling price for each canyon lot is $58,000 and for each hilltop lot is $104,000. the developer acquired the land for $2,300,000 and spent another $2,800,000 on street and utilities improvements. assign the joint land and improvement costs to the lots using the value basis of allocation and determine the average cost per lot.

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Heart & home properties is developing a subdivision that includes 470 home lots. the 220 lots i...