Question

Lefty provides demolition services in several southern states. Lefty has property as follows: Property State Beginning Ending Alabama $ 123,044 $ 204,241 Kentucky $ 203,317 $ 185,108 Mississippi $ 881,932 $ 1,002,396 Louisiana $ 243,951 $ 350,310 Tennessee $ 143,204 $ 143,204 Total $ 1,595,448 $ 1,885,259 Lefty is a Mississippi corporation. Lefty also rents property in Mississippi and Tennessee with annual rents of $56,000 and $21,000, respectively. What is Lefty's Mississippi property numerator

Answer 1

The Mississippi property numerator for Lefty is $1,002,396.

Step-by-step explanation:

Lefty's Mississippi property numerator can be calculated by determining the ratio of Lefty's Mississippi property value to the total value of all the properties.

In this case, the Mississippi property value is $881,932 at the beginning and $1,002,396 at the end of the given period.

Therefore, the numerator for Mississippi property is $1,002,396.