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:

Tortious Conduct

Behavior that causes injury or harm to another, making the actor liable to civil legal action.

Reasonable Care

A legal standard that requires individuals to act with the caution and prudence that a reasonable person would use in similar circumstances, to prevent harm to others.

Liable

Being legally responsible or obligated to face the consequences of one's actions, typically in a civil lawsuit.

Res Ipsa Loquitur

A legal doctrine that infers negligence from the very nature of an accident or injury, in the absence of direct evidence of the defendant's fault.