3. Answer the questions for the following sales. Sale #1 Sale Price $131,920 Acres cropland Acres pasture Acres woodland Acres minerals 100 60 Sale #2 Sale Price $78,910 Acres cropland Acres pasture...


3.<br>Answer the questions for the following sales.<br>Sale #1 Sale Price<br>$131,920<br>Acres cropland<br>Acres pasture<br>Acres woodland<br>Acres minerals<br>100<br>60<br>Sale #2 Sale Price<br>$78,910<br>Acres cropland<br>Acres pasture<br>Acres woodland<br>130<br>Acres minerals<br>65<br>Sale #3 Sale Price<br>$112,520<br>Acres cropland<br>Acres pasture<br>Acres woodland<br>Acres minerals<br>75<br>60<br>25<br>Sale #4 Sale Price<br>$6,000<br>Acres cropland<br>Acres pasture<br>Acres woodland<br>Acres minerals<br>120<br>What is the indicated per acre value of minerals?<br>What are the indicated cropland, pasture, and woodland values?<br>What are the values of the lower valued land types as percentages of the highest<br>valued type of land?<br>

Extracted text: 3. Answer the questions for the following sales. Sale #1 Sale Price $131,920 Acres cropland Acres pasture Acres woodland Acres minerals 100 60 Sale #2 Sale Price $78,910 Acres cropland Acres pasture Acres woodland 130 Acres minerals 65 Sale #3 Sale Price $112,520 Acres cropland Acres pasture Acres woodland Acres minerals 75 60 25 Sale #4 Sale Price $6,000 Acres cropland Acres pasture Acres woodland Acres minerals 120 What is the indicated per acre value of minerals? What are the indicated cropland, pasture, and woodland values? What are the values of the lower valued land types as percentages of the highest valued type of land?

Jun 04, 2022
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