Which of the following is not a general rule for calculating the property factor?
A) Excludes property in transit from the calculation.
B) Values property at historical cost.
C) Includes rented property at eight times the annual rent.
D) Uses the average property values for the year.

Question

Quizplus · Accepted Answer

Property in transit is typically included in the property factor calculation, not excluded.

Which of the Following Is Not a General Rule for Calculating