Amber, Inc

Multiple Choice

Amber, Inc., has taxable income of $212,000. In addition, Amber accumulates the following information which may affect its AMT. ∙
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Depreciation on buildings placed in service in the early 1990s was $52,000. ADS would have been $41,000.
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The president of Amber exercised stock options on Amber stock. She paid $30,000 for the stock, which had a fair market value at exercise date of $49,000. At the end of the year, the stock was worth $54,000.
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Amber deducted percentage depletion of $65,000. The adjusted basis of the natural resource at the beginning of the year was $39,000.
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Amber contributed CSX stock worth $20,000 to the Red Cross. Amber purchased the stock four months ago for $19,000.
What is Amber's AMTI?

A) $212,000.
B) $233,000.
C) $238,000.
D) $249,000.
E) None of the above