Question: Problem 1631 (Algorithmic) (LO. 5) Dillman Corporation has nexus in State A and State B. Dillman's activities for the year are summarized below: State A

 Problem 1631 (Algorithmic) (LO. 5) Dillman Corporation has nexus in State

Problem 1631 (Algorithmic) (LO. 5) Dillman Corporation has nexus in State A and State B. Dillman's activities for the year are summarized below: State A State B Total Sales $1,290,000 $4?0,000 $1,360,000 Property Average historical Dost 530,000 310,000 840,000 Average accumulated depreciation (360,000) (160,000) (520,000) Payroll 2,300,000 550,000 3,350,000 Rent expense -0- 3?,000 3?,000 Determine the apportionment factors for State A and State B, assuming that State A uses a threefactor apportionment fon'nula under which salesr property {net depreciated basis), and payroll are equally weighted, and State B employs a singlefactor formula that consists solely of sales. State A has adopted the UDl'I'PA with respect to the inclusion of rent payments in the property factor. when required, round any intermediate percentage factors to two decimal places in your computations. Round your nal answers to two decimal places. State A's apportionment factor is :l \":13, and State B's apportionment factor is :] \"n

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!