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. $67,000.
C. $54,000.
D. $61,000.


Answer: D

Business

You might also like to view...

When a manufacturer sells goods to retail outlets and suggests a retail price, there is no violation of Section 1 of the Sherman Act because there is no:

A. merger of any type. B. indication of an intent to monopolize. C. exclusive dealing contract. D. contract, combination, or conspiracy to fix the price.

Business

In Oliver Twist, ________ innocent request for a second helping of gruel gets him into a great deal of trouble

A) Olivers' B) Oliver's C) Oliver

Business

Sarah, an employee of Amex Corporation, committed a serious criminal act in an attempt to obtain a large sales order for her employer. A court found her guilty of the felony and also found the corporation guilty of criminal conduct. The company was fined $1 million. The court A) erred in fining the company since finding both Sarah and the corporation guilty violates the Double Jeopardy Clause of

the Constitution. B) acted properly if this were a federal proceeding; however, it did not act properly if this were a state proceeding. C) acted properly in finding Sarah guilty; however it erred in finding the corporation guilty because of the exclusionary rule. D) acted properly in this case.

Business

Gallaugher & Ransbotham’s 3M Model of social media dialogue management is useful for conceptualizing approaches to which of the following?

a. Firm generated content (FGC). b. Public relations crises. c. User generated content (UGC). d. Social data management. e. None of these.

Business