Question: Check my work Heart & Home Properties is developing a subdivision that includes 370 Tome lots. The 240 on the Canyon Sectionare belowa ridge and
Check my work Heart & Home Properties is developing a subdivision that includes 370 Tome lots. The 240 on the Canyon Sectionare belowa ridge and do not have views of the neighboring canyons and is the 130 lots in the Hilltop section offer unobstructed wews The expected selling price for each Canyon lot is $45.000 and for each Hilltop lot is $104.000 The developer acquired the land for $2.200.000 and spent another $1,800,000 on street and utilities improvements Assign the joint land and improvement costs to the lots using the value basis or location and determine the relate con per 1000 not round your intermediate calculations.) Market Value Percent of Market Volite Co to Allocate Allocated Cost Quantity Average Lot of tots Numerator Denominator % of Mkt Value 0 $10.800,000 0 0 0 Canyon section Hilltop section Totals 0 739 AV
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