Pleasant Hills Properties Is Developing a Golf Course Subdivision That

question 188

Multiple Choice

Pleasant Hills Properties is developing a golf course subdivision that includes 250 home lots; 100 lots are golf course lots and will sell for $95,000 each; 150 are street frontage lots and will sell for $65,000. The developer acquired the land for $1,800,000 and spent another $1,400,000 on street and utilities improvement.
- Compute the amount of joint cost to be allocated to the street frontage lots using value basis. (Round your intermediate percentages to 2 decimal places.)

• A) $1,920,000.
• B) $720,000.
• C) $1,080,000.
• D) $1,579,200.
• E) $1,620,800.

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Frederick Jackson Turner

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