Lefty provides demolition services in several southern states. Lefty has property as follows:
Lefty is a Mississippi Corporation. Lefty also rents property in Mississippi and Tennessee with annual rents of $50,000 and $15,000, respectively. What is Lefty's Mississippi property numerator? (Round your answer to the nearest whole number.)
A) $942,153
B) $1,002,384
C) $1,052,384
D) $1,342,153

Question

Lefty provides demolition services in several southern states. Lefty has property as follows: 
Lefty is a Mississippi Corporation. Lefty also rents property in Mississippi and Tennessee with annual rents of $50,000 and $15,000, respectively. What is Lefty's Mississippi property numerator? (Round your answer to the nearest whole number.)
A) $942,153 
B) $1,002,384 
C) $1,052,384 
D) $1,342,153

Quizplus · Accepted Answer

The beginning and ending values are averaged and the rental property is added at eight times the annual rent. ($881,921 + $1,002,384)/2 + ($50,000 * 8).

Lefty Provides Demolition Services in Several Southern States