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25 February, 14:19

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.

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  1. 25 February, 17:23
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    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
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