LO.4 Amos incurred and expensed intangible drilling costs (IDC) of $70,000. His net oil and gas income
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LO.4 Amos incurred and expensed intangible drilling costs (IDC) of $70,000. His net oil and gas income was $60,000. What is the amount of Amos’s tax preference item for IDC?
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Related Book For 
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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