Acres 180 60 240 Price/ac Value 935 701 Ss 168300 42080 210380 876 -25 Adjustmen

Question

Acres 180 60 240 Price/ac Value 935 701 Ss 168300 42080 210380 876 -25 Adjustment for Land Composition Worksheet Class I Sale #1 | Acres | Equivalent | Value | Price/Acre Acres 180 60 240 180 45 225 168300 42080 210380 935 701 877 Class I Class II Total Sale # 2 Class I Class II Total 118 42 160 118 32 115640 31380 147020 980 747 150 Sale # 3 229000 935 701 935 245 Class I Class II Total 245 245 245 229000 Sale # 4 Class I Class II Total 175 65 240 175 49 224 172900 48520 221420 988 746 923 Sale # 5 Class I Class II Total 120 40 160 120 30 150 126480 31740 158220 1054 793 990 Adjustment for Time Worksheet Time Price Class Class Location Time Price/Acre Difference Difference,

Explanation / Answer

ANSWER: IT IS VERY SIMPLE

PRICE / ACRE = VALUE / ACRES = 115640 / 118 = 980 AS PRICE/ACRE EQUALS THE TOTAL VALUES DIVIDED BY THE TOTAL NO OF ACRES.

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