Belgrade lakes properties is developing a golf course

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Reference no: EM13599388

Belgrade Lakes 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 street frontage lots using value basis.

Reference no: EM13599388

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