X Corpholds Property as Follows: State A A \quad $\quad$ State B

question 38

Multiple Choice

X Corp.holds property as follows: State A $\quad$ State B
$\quad$ Beginning of Year $\quad$ End of Year $\quad$$\quad$ Beginning of Year $\quad$ End of Year
Cost $\$ 1,000,000 \quad \$ 1,500,000 \quad \$ 500,000 \quad\quad\quad \$ 500,000$
Accumulated depreciation $( \$ 200,000 ) \quad ( \$ 300,000 )$ $( \$ 100,000 ) \quad ( \$ 125,000 )$ The laws of State A provide for the use of average original cost in determining the property factor.What is X's State A property factor for the current year?

• A)75%
• B)66.67%
• C)71.43%
• D)72.07%
• E)76.19%

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Definitions:

Deerskins

The hides of deer, which have been used historically and in contemporary times for clothing, accessories, and other products due to their durability and texture.

Slaves

Individuals forced into servitude against their will, often without compensation, considered property under the laws of their societies.

Fleeing Slavery

The act of escaping from the condition of being legally owned by someone else and forced to work for them, often observed in historical contexts such as the antebellum United States.

Massachusetts Bay Colony

An early English settlement established in the 17th century in the Northeastern United States, pivotal in the history and development of America.