Bert Corporation,a Calendar-Year Taxpayer,owns Property in States M and O

Bert Corporation,a calendar-year taxpayer,owns property in States M and O.Both M and O require that the average value of assets be included in the property factor.M requires that the property be valued at its historical cost,and O requires that the property be included in the property factor at its net depreciated book value.


Bert's M property factor is:

A) 41.67%.
B) 55.0%.
C) 56.2%.
D) 58.33%.
E) 77.0%.