Please round 2 decimal places or answer is incorrect! Required information The f

Question

Please round 2 decimal places or answer is incorrect!

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: State $ 995,950 $1,069,623 Maine Massachusetts 155,385 $ 275, 037 New Hampshire 439,691 $ 339,523 $ 946,932$ 985,576 $2,537,958 $2,669,759 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.) b. Delicious Dave's has nexus in each of the states, but the Maine total includes $490,000 of investment property that Delicious rents out (unrelated to its business). Property Apportionment Factors Maine Massachusetts New Hampshire Vermont

Explanation / Answer

(b) Determination of property Apportionment Factors

Beginning Ending        Average      Factor

Maine                             $ 505950    $ 579623    $ 542786    25.68 %

Massachusetts               $ 155385    $ 275037    $215211     10.18 %

New Hampshire             $ 439691    $ 339523    $389607     18.43 %

Vermont $ 946932    $ 985576    $ 966254    45.71 %

TOTAL $ 2047958 $ 2179759 $ 2113858 100.00%

Property Apportionment Factors

Maine                   = 25.68 %

Massachusetts = 10.18 %

New Hampshire   = 18.43 %

Vermont               = 45.71 %

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