Question

Delicious Dave?s Maple Syrup, a Vermont corporation, has property in the following states:Property State Beginning EndingMaine $971,644 $1,044,489Massachusetts $138,027 $251,061New Hampshire $420,455 $320,689Vermont $922,332 $954,376Total $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?A. Delicious Dave?s has nexus in each of the states.b. Delicious Dave?s 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).c. Delicious Dave?s has nexus in each of the states, but also pays $56,000 to rent property in Massachusetts.

Answer 1

Answer:

Explanation:

Calculation of property apportionemt

A    

Beginning Ending Average Factor

Maine 971,644.00 1,044,489.00 1,008,066.50 40.14

Massachusetts 138,027.00 251,061.00 194,544.00 7.75

New Hampshire 420,455.00 320,689.00 370,572.00 14.75

Vermont 922,332.00 954,376.00 938,354.00 37.36

Total 2,452,458.00 2,570,615.00 2,511,536.50 100

B    

Beginning Ending Average Factor

Maine 511,644.00 584,489.00 548,066.50 26.71

Massachusetts 138,027.00 251,061.00 194,544.00 9.48

New Hampshire 420,455.00 320,689.00 370,572.00 18.06

Vermont 922,332.00 954,376.00 938,354.00 45.74

Total 1,992,458.00 2,110,615.00 2,051,536.50 100

C    

Beginning Ending Average Factor

Maine 971,644.00 1,044,489.00 1,008,066.50 33.88

Massachusetts 598,027.00 718,061.00 658,044.00 22.12

New Hampshire 420,455.00 320,689.00 370,572.00 12.46

Vermont 922,332.00 954,376.00 938,354.00 31.54

Total 2,912,458.00 3,037,615.00 2,975,036.50 100