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

  1.                                                                                                                                                      (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%

  1. Since part b is not clearly mentioned that’s why part b answer is not available
  2. 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%


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