Alvarado Apps, Inc. owned real and tangible personal property valued at $3,000,000 at the beginning...
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Alvarado Apps, Inc. owned real and tangible personal property valued at $3,000,000 at the beginning of the year and $3,400,000 at the end of the year. It also leased real property for $100,000. In State 1, the company owned real and tangible personal property valued at $400,000 at the beginning of the year and $360,000 at the end of the year. It leased real property In State 1 for $25,000. What is the companys property factor in State 1?
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