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A property consisting of both water lot and upland sold recently for $250,000. Based on comparable upland sales and other data, the upland portion of
A property consisting of both water lot and upland sold recently for $250,000. Based on comparable upland sales and other data, the upland portion of the sale was valued at $220,000. Therefore, the water lot portion of the subject sale was calculated to be $30,000. What water lot valuation technique is this?
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The water lot valuation technique described here is known as the Allocation Method or ...
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
