Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7. Use the available information to allocate the sale price to determine the value of each land group SALES ANALYSIS Total Sales Price = $482,400

image text in transcribed

7. Use the available information to allocate the sale price to determine the value of each land group SALES ANALYSIS Total Sales Price = $482,400 Given: Land Group II = 80% of Land Group III = 40% of I Class | Equivalent Acres 360 A of % = 80 A of 11 % = 280 A of III % = Total Class 1 Eq. acres acres acres acres $ - acres Value of Class 1 Land Class II Value Class III Value Value/Acre $ = $ = $ % % $ $ CHECK Acres $/A x X Value $ $ $ $ Totals Overall Value $ per acre 7. Use the available information to allocate the sale price to determine the value of each land group SALES ANALYSIS Total Sales Price = $482,400 Given: Land Group II = 80% of Land Group III = 40% of I Class | Equivalent Acres 360 A of % = 80 A of 11 % = 280 A of III % = Total Class 1 Eq. acres acres acres acres $ - acres Value of Class 1 Land Class II Value Class III Value Value/Acre $ = $ = $ % % $ $ CHECK Acres $/A x X Value $ $ $ $ Totals Overall Value $ per acre

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Entrepreneur's Growth Startup Handbook 7 Secrets To Venture Funding And Successful Growth

Authors: David N. Feldman

1st Edition

1118445651, 978-1118445655

More Books

Students also viewed these Finance questions

Question

53. If MX(t) 1/(1t2), nd E(X) and V(X) by differentiating MX(t).

Answered: 1 week ago

Question

How did you feel about taking piano lessons as a child? (general)

Answered: 1 week ago