Calculate the total cost of right of way acquisition from the information below:
Right of Way Type |
Unit Cost per acre |
Acres |
Total Cost |
Undeveloped |
$9,970 |
||
Forest |
$162,140 |
||
Historic |
$1,250,000 |
||
Habitat |
$300,000 |
Solution:- the values given in the question are as follows:
Right of way type | Unit cost per acre |
Undeveloped | $9,970 |
Forest | $162,140 |
Historic | $1,250,000 |
Habitate | $300,000 |
Total cost of right of way=undeveloprd area*per unit cost of undeveloped area+forest area*per unit cost of forest area+historic area*per unit cost of historic area+habitate area*per unit cost of habitate area
areas is not given in quesstion ,So let 1 acre of each type of way shown in table
Right of way type | Unit cost per acre | Area in acre | Total cost right of way acquisition |
Undeveloped | $9,970 | 1 acre | $9,970 |
Forest | $162,140 | 1 acre | $162,140 |
Historic | $1,250,000 | 1 acre | $1,250,000 |
Habitate | $300,000 | 1 acre | $300,000 |
Total | $1,722,110 |
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