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Unformatted text preview: payroll are equally weighted. Lawrences property activities are summarized below: State F State G Property January 1 December 31 January 1 December 31 Historical cost 450,000 550,000 280,000 320,000 Accumulated depreciation (275,000) (325,000) (95,000) (105,000) Rent expense 10,000 25,000 Required : Compute the property factor that Lawrence would use in their apportionment formula for each state....
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This note was uploaded on 09/09/2011 for the course TAX 6845 taught by Professor Kelliher,c during the Fall '08 term at University of Central Florida.
- Fall '08