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  3. completed: 5 of 9 my score: 25.14/69 pts (36.44%

Completed: 5 of 9 My score: 25.14/69 pts (36.44%) Minimize...

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Accounting

Completed: 5 of 9
My score: 25.14/69 pts (36.44%)
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Part 1
Bella acquired only one tract of land seven years ago as an investment. In order to sell the land at a higher price, she decides to subdivide it into 30 lots. She pays for improvements such as clearing and leveling, but the improvements are not considered to be substantial. Each lot has a basis of $ 3 comma 000, and a selling price of $ 12 comma 000. Selling expenses of $ 690 were incurred to sell four lots last year. This year, twelve lots are sold, and selling expenses amount to $ 2 comma 400.

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