Valdez 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.
Valdez's property factor for State O is:
A) 41.25%.
B) 44.44%.
C) 45.0%.
D) 48.53%.
E) 51.47%.
Correct Answer:
Verified
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