Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing it for
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Question:
Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $120,000, $90,000, and $60,000 each, respectively.
Instructions
Complete the table below to allocate the cost of the lots using a relative sales value method.
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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