more_on_property - payroll are equally weighted. Lawrences...

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Topic: More on the property factor Lawrence Corporation has nexus in State F and State G. State F uses a three factor apportionment formula under which sales, property (average net book value), and payroll are equally weighted. In addition State F has adopted the UDITPA with respect to the inclusion of rent payments in the property factor. State G uses a three factor apportionment formula under which sales, property (average net book value), and
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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.

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