Positive amt adjustment


Omar acquires used 7-year personal property for $100,000 to use in his business in February 2010. Omar does not elect §179 expensing or additional first-year depreciation, but does take the maximum regular cost recovery deduction. As a result, Omar will have a positive AMT adjustment in 2010 of what amount?

a)$0

b)$3,580

c)$10,710

d)$14,290

e)none of the above

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Accounting Basics: Positive amt adjustment
Reference No:- TGS082815

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