Alvarado Apps, Inc. owned real and tangible personal property valued at $3,000,000 at the beginning of the

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Alvarado Apps, Inc. owned real and tangible personal property valued at $3,000,000 at the beginning of the year and $3,400,000 at the end of the year. It also leased real property for $100,000. In State 1, the company owned real and tangible personal property valued at $400,000 at the beginning of the year and $360,000 at the end of the year. It leased real property In State 1 for $25,000. What Is the company's property factor in State 1?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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