apportionment

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Apportionment

A division. The term may be used in insurance to indicate which policy bears what percentage of a loss. Alternatively, it may be used in the sale of real estate to show the property tax or insurance the buyer and the seller each owe for a year. See also: Apportionment Clause.

apportionment

the breakdown of COSTS (and REVENUES) between different products, functions or company departments, where it is not possible to attribute costs (and revenues) directly to the departments where the cost or revenue concerned arises. For example, it is generally impossible to allocate rent and rates OVERHEADS exactly between departments in a factory and they can only be apportioned on some equitable basis such as the respective floor areas of departments. Such apportionments can help in assessing the profitability of different departments or products. See ALLOCATION, BUDGETING, STANDARD COST.

apportionment

Division into parts.Typically used when deciding how to allocate expenses relative to oil and gas leases,and when deciding that portion of the income of a company or utility that was earned in a particular state and thus subject to state income taxes. See apportion.

References in periodicals archive ?
Provide explicit authorization for special industry-wide or issue-wide alternative apportionment rules.
Although all of the issues considered in the Report are important, the changes proposed to the alternative apportionment and market-based sourcing provisions generate the greatest debate.
Alternative apportionment, which applies when the results of the apportionment formula do not fairly reflect a taxpayer's instate business activity, generated substantial attention during the drafting of the Report.
paid if the Compact indeed is to effect an equitable apportionment.
Compact's apportionment scheme and the governance structure devised
reconciliation of the Compact's apportionment scheme (again,
199 guidance a ready set of rules for the allocation and apportionment of deductions.
Some of these post-1977 changes include the adoption of specific mandatory allocation and apportionment rules for the following deductions:
5] mass and composition data sets employed in the source apportionments were selected based on their ready availability for analysis, the similar availability of a compatible daily mortality record for health effects analysis, and the fact that their [PM.
in press), have been applied by the different research groups to achieve source apportionments of the Washington and Phoenix [PM.
Fish and Wildlife Service (service) constitutes the final apportionment for fiscal year 1992.
FINAL APPORTIONMENT OF FEDERAL AID IN SPORT FISH RESTORATION