Rex has the following AMT adjustments: -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.

Question

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The Answer of Rex has the following AMT adjustments: -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.

Rex Has the Following AMT Adjustments: -Depreciation of Real Property