Kim Corporation, a calendar year taxpayer, has manufacturing facilities in States A and B. A summary of Kim's
property holdings follows.
Beginning of Year
End of Year
Determine Kim's property factors for the two states. A's statutes provide that the average historical cost of business property is to be included in the property factor. B's statutes provide that the property factor is based on the average depreciated basis of in-state business property.

Question

Kim Corporation, a calendar year taxpayer, has manufacturing facilities in States A and B. A summary of Kim's
property holdings follows.
Beginning of Year
  End of Year
  Determine Kim's property factors for the two states. A's statutes provide that the average historical cost of business property is to be included in the property factor. B's statutes provide that the property factor is based on the average depreciated basis of in-state business property.

Quizplus · Accepted Answer

The Answer of Kim Corporation, a calendar year taxpayer, has manufacturing facilities in States A and B. A summary of Kim's
property holdings follows.
Beginning of Year
  End of Year
  Determine Kim's property factors for the two states. A's statutes provide that the average historical cost of business property is to be included in the property factor. B's statutes provide that the property factor is based on the average depreciated basis of in-state business property.

Kim Corporation, a Calendar Year Taxpayer, Has Manufacturing Facilities in States