Reference no: EM133132092

Question - A famous golfer (in the 80s) was a client. They owned multiple golf courses, but not out of love for the game. They are a wonderful way to hold land. :) He would pick an area within an hour of a major city that was cheap farmland. He would buy all the land and create a golf course on that land. Since his name was attached, it was popular enough to break-even. He would develop the land around it, and then sell that for a big profit 2 decades later. Why will land almost always increase in value? Is historical cost the best measure for Disney World?