Required information The following information applies to the questions displaye

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Required information The following information applies to the questions displayed below] Delicious Dave's Maple Syrup, a Vermont corporation, has property in the following states Pr rt State g Ending $ 995,950 $1,069,623 Massachusetts 155,385 $ 275, 037 ,691 $ 339,523 $ 946,932 $ 985,576 $2,537,958 $2,669,759 Maine New Hampshire 439 Vermont Total 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.) c. Delicious Dave's has nexus in each of the states, but also pays $59,000 to rent property in Massachusetts Property Apportionment Factors Maine Massachusetts New Hampshire Vermont

Explanation / Answer

Delicious must add the rental property to Massachusetts. The annual rent ($59,000) is multiplied by eight and thus ($472,000) is included in both the numerator and denominator. Delicious would have the following property factors:

beginning ending average factor Maine 995950 1069623 1032787 33.58% Massachusetts 627385 747037 687211 22.34% New Hampshire 439691 339523 389607 12.67% Vermont 946932 985576 966254 31.41% 3009958 3141759 3075859 100%

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