Question: A Development Company acquired some land for development into a suburban utopia. Cost of lots acquired 24,600,000 Number of lots purchased 200 Number and types

A Development Company acquired some land for development into a suburban

A Development Company acquired some land for development into a suburban utopia. Cost of lots acquired 24,600,000 Number of lots purchased 200 Number and types of lots Number Sales price Lake front 40 204,000 Golf view 70 1 54,000 Other 90 117,000 Total number of lots 200 Using the relative sales value approach, what is the cost allocated to each lake front lot? Multiple Choice 1 0 170,288 0 123,000 0 128,551 C 97,665

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