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Bob's AMT depreciation for 2020 is $190,000 while his MACRS depreciation is $210,000. This makes Bob's AMTI decrease. O True O False Soo files jointly

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Bob's AMT depreciation for 2020 is $190,000 while his MACRS depreciation is $210,000. This makes Bob's AMTI decrease. O True O False Soo files jointly with his spouse, with 2 qualified children. He works in the IT department of a local business, making $50,000 and they have no other income. They are not eligible to claim any Earned Income Credit O True O False Slick Rick Co. has $75,000 of research expenses. Slick Rick Co. is allowed to amortize these costs over 5 years. True O False

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