Question: Maverick Developers purchases land for $500,000.00. This land is going to be sold in 500 separate lots based upon appeal. There are 50 river view
Maverick Developers purchases land for $500,000.00. This land is going to be sold in 500 separate lots based upon appeal. There are 50 river view lots that have a per lot fair value of $11,000.00, 250 lake view lots that have a
per lot fair value of $10,000.00 and 200 flat land lots that have a per lot fair value of $6.000.00
What will be the per lot book value of the river view lots?
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