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A new and improved non-residential property just sold for $500,000. Direct construction costs were $250,000 and indirect costs were 15% of direct costs. Builders overheard
- A new and improved non-residential property just sold for $500,000. Direct construction costs were $250,000 and indirect costs were 15% of direct costs. Builders overheard and profit were 10% of total costs. What is the land value by extraction (rounded to the nearest $5,000)?
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
