Assume the same facts as in Problem 33, except that both states employ a three-factor formula, under
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State A State B Total Sales Property $1,200,000 400,000 $1,600,000 Average historical cost 500,000 300,000 (300,000) 1 800,000 00,000) (400,000) 500,000 35,000 Average accumulated depreciation Payroll Rent expense 2,500,000 35,000
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Because of the components of the apportionment factors in the two state...View the full answer
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Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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