Question
In: Accounting
Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning...
Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states:
| Property | |||||
| State | Beginning | Ending | |||
| Maine | $ | 991,899 | $ | 1,065,434 | |
| Massachusetts | $ | 152,492 | $ | 271,041 | |
| New Hampshire | $ | 436,485 | $ | 336,384 | |
| Vermont | $ | 942,832 | $ | 980,376 | |
| Total | $ | 2,523,708 | $ | 2,653,235 | |
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 $58,500 to rent property in Massachusetts.
Maine%
Massachusetts%
New Hampshire %
Vermont %
Solutions
Expert Solution
- (Values in : $)
|
Particular |
Beginning |
Ending |
Average |
Factor |
|
Maine |
991,899 |
1,065,434 |
1,028,666.50 |
39.74% |
|
Massachusetts |
152,492 |
271,041 |
211,766.50 |
8.18% |
|
New Hampshire |
436,485 |
336,384 |
386,434.50 |
14.93% |
|
Vermont |
942,832 |
980,376 |
961,604.00 |
37.15% |
|
Total |
2,523,708 |
2,653,235 |
2,588,472 |
100% |
- Since part b is not clearly mentioned that’s why part b answer is not available
- Since, Delicious Dave’s has nexus in each of the states and has added rental property to Massachusetts $58,500 in each state, so the total rent added is $4,68,000.
|
Particular |
Beginning |
Ending |
Average |
Factor |
|
Maine |
991,899 |
1,065,434 |
1,028,666.50 |
27.53% |
|
Massachusetts |
620,492 |
739,041 |
1,359,533.00 |
36.39% |
|
New Hampshire |
436,485 |
336,384 |
386,434.50 |
10.34% |
|
Vermont |
942,832 |
980,376 |
961,604.00 |
25.74% |
|
Total |
2,523,708 |
2,653,235 |
3,736,238 |
100% |
ekkarill92 answered 1 year agoRelated Solutions
Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning...
Delicious Dave’s Maple Syrup, a Vermont corporation, has
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$
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