Multiple Choice
Rex has the following AMT adjustments: -Depreciation of real property acquired in 1996 using MACRS is $22,000 while depreciation for AMT purposes is $15,000.
-R&E expenditures amounting to $60,000 are expensed.
The net adjustment is
A) $7,000.
B) $54,000.
C) $61,000.
D) $67,000.
Correct Answer:
Verified
Correct Answer:
Verified
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