Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states: Property Beginning $951,389 $ 123,562 $ 404,425 $ 901,832 $ 2,381,208 State Massachusetts New Hampshire Vermont Total Maine Ending $ 1,023,544 $ 231,081 $ 304,994 $928,376 $ 2,487,995 What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of t following alternative scenarios? Note: Round intermediate calculations and final answers to 2 decimal places.
Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states: Property Beginning $951,389 $ 123,562 $ 404,425 $ 901,832 $ 2,381,208 State Massachusetts New Hampshire Vermont Total Maine Ending $ 1,023,544 $ 231,081 $ 304,994 $928,376 $ 2,487,995 What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of t following alternative scenarios? Note: Round intermediate calculations and final answers to 2 decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states:
Property
Beginning
$ 951,389
$ 123,562
$ 404,425
$ 901,832
$ 2,381,208
State
Massachusetts
New Hampshire
Vermont
Total
Maine
What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the
following alternative scenarios?
Note: Round intermediate calculations and final answers to 2 decimal places.
b. Delicious Dave's has income tax nexus in each of the states, but the Maine total includes $435,000 of investment property that
Delicious rents out (unrelated to its business).
Maine
Massachusetts
New Hampshire
Vermont
Property Apportionment
Factors
Ending
$ 1,023,544
$ 231,081
$ 304,994
$ 928,376
$ 2,487,995
%
%
%
%
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