Hopper Corporation's Property Holdings in State E Are as Follows

question 127

Multiple Choice

Hopper Corporation's property holdings in State E are as follows. Item Property factor valuation ($M) Manufacturing equipment 100 Land held for potential appreciation 25 Manufacturing equipment that is not currently needed and sits idle 15 Manufacturing equipment that is not currently needed and is leased to another taxpayer 20 Compute the numerator of Hopper's E property factor.

• A)$100 million.
• B)$135 million.
• C)$140 million.
• D)$160 million.

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