Belgrade lakes properties is developing a golf course, Ask an Expert

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Belgrade Lakes Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and will sell for $102,000 each; 125 are street frontage lots and will sell for $72,000. The developer acquired the land for $1,870,000 and spent another $1,470,000 on street and utilities improvement. Compute the amount of joint cost to be allocated to the street frontage lots using value basis.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9951357

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