Rex has the following AMT adjustment factors: -Depreciation of real property acquired in 1996 using...
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Accounting
Rex has the following AMT adjustment factors: -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.
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