In determining the amount of the AMT adjustments, discuss the difference in the treatment of a building placed in service after 1986 and before 1999 and a building placed in service after December 31, 1998
For a building placed in service after 1998, the same MACRS recovery periods and methods are used in calculating depreciation for both regular income tax purposes and AMT purposes. Therefore, there is no AMT adjustment necessary.
For a building placed in service after 1986 and before 1999, depreciation is computed for AMT purposes under the alternative depreciation system (ADS) using the straight-line method over a 40-year life. For a building placed in service after 1986 and January 1, 1999, depreciation is computed for regular income tax purposes under MACRS using the straight-line method over a 27.5, 31.5, or 39-year life. The difference between the depreciation amounts is the adjustment in computing the AMT. However, if the taxpayer elects to use ADS in calculating deprecation for regular income tax purposes, there is no AMT adjustment.
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Which of the following is FALSE with regard to transport by rail?
a. Railroads generate the most revenue in terms of ton-miles shipped. b. The railroad industry has few freight carriers. c. Customers relying on transporting freight by rail have many choices. d. Customers face pricing inflexibility.
Which sentence is punctuated correctly?
A) The committee identified the problem, it discussed possible causes, and it developed a solution. B) The committee identified the problem; it discussed possible causes; and it developed a solution. C) The committee identified the problem it discussed possible causes and it developed a solution.
If a corporation is dissolved, its asset can be liquidated without further notice to a party who has a claim against the firm.
Answer the following statement true (T) or false (F)
The clerical activity associated with processing purchase orders to produce an order for a standard product is an example of a:
A. Batch-level activity. B. Product-level activity. C. Unit-level activity. D. Facility-level activity.