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Heather Purchased Furniture and Fixtures 7-Year Property)for Her Retail Shop

Question 62

Multiple Choice

Heather purchased furniture and fixtures 7-year property) for her retail shop for $50,000.What is the AMT depreciation adjustment required in 2016 if the property was purchased in May 2016,assuming no bonus depreciation was taken?


A) $1,790.
B) $7,145.
C) $0.
D) $5,355.

Correct Answer:

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