Question
Delicious Daves Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning Ending Maine $ 971,644 $ 1,044,489 Massachusetts $ 138,027
Delicious Daves Maple Syrup, a Vermont corporation, has property in the following states:
| Property | |||||
| State | Beginning | Ending | |||
| Maine | $ | 971,644 | $ | 1,044,489 | |
| Massachusetts | $ | 138,027 | $ | 251,061 | |
| New Hampshire | $ | 420,455 | $ | 320,689 | |
| Vermont | $ | 922,332 | $ | 954,376 | |
| Total | $ | 2,452,458 | $ | 2,570,615 | |
|
| |||||
What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios? (Round your answers to 2 decimal places.)
A. Delicious Daves has nexus in each of the states.
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b. Delicious Daves has nexus in each of the states, but the Maine total includes $460,000 of investment property that Delicious rents out (unrelated to its business).
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c. Delicious Daves has nexus in each of the states, but also pays $56,000 to rent property in Massachusetts.
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
4th Edition
1473729521, 9781473729520
