Teal Company, a single member LLC, owns two warehouses that were placed in service before 1987. This
Question:
Teal Company, a single member LLC, owns two warehouses that were placed in service before 1987. This year accelerated depreciation on Warehouse A is $36,000 (straight-line depreciation would have been $30,000). On Warehouse B, accelerated depreciation was $16,000 (straight-line depreciation would have been $20,000). What is the amount of Teal’s AMT tax preference for excess depreciation?
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Code 57a6 provides that the excess of accelerated depreciation ...View the full answer
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Related Book For 
South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities
ISBN: 9780357109175
23rd Edition
Authors: Annette Nellen, James C. Young, William A. Raabe, David M. Maloney
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