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 ?
Even as states welcome new apportionment formulas and sourcing methods, a minority of states directly address the classification and sourcing of pure e-commerce sales.
Taxpayers required to use industry-specific apportionment rules (i.
Such dialogues on Water Apportionment Accord-1991, held amongst water professionals and policy makers, have provided a solid knowledge base to strategically manage our water resources for future needs.
So, this means that parties in design patent infringement cases will need to engage in an apportionment analysis, just like parties in other patent infringement cases are now doing on a regular basis, according to Eckstein.
Project name : Re Call Inviting proposals from potential qualified consultancy agency for Source Apportionment Studies
Georgia in light of the novel arguments presented and their potential interactions with the existing equitable apportionment framework.
If a foreign corporation does business in a state that does not impose a tax on income or assigns income on the basis of an apportionment formula that does not have each of the three factors, the rules for California should be applied for any factor that the state does not use (Cal.
The Directorate of Urban Planning in the ministry had approved 24 major apportionment plans in 2015, in addition to 281 partial apportionment plans, that is a total of 305 urban apportionment plans, which reflects the Kingdom's accelerated sustainable urban development, said the minister.
In a two hour live webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the significant and latest issues on how a company should choose its fair apportionment method tactically and practically including:
Formula apportionment is attractive to governments that have punitive tax regimes, and it would be a blow to nations with more sensible low-tax systems.
Explicitly authorize industrywide or issuewide alternative apportionment rules.
Accordingly, it is unclear how old apportionment cases would apply