Question: Pleasant Hills Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and will sell for $115,000

Pleasant Hills Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and will sell

Pleasant Hills Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and will sell for $115,000 each; 125 are street frontage lots and will sell for $85,000. The developer acquired the land for $2,000,000 and spent another $1,600,000 on street and utilities improvement. Compute the amount of joint cost to be allocated to the golf course lots using value basis. Multiple Choice $2,166,120. $1,925,120. $1,569,280. $1,764,000. $1,728,000

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