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Crockett Corporation, a calendar year C corporation, reports net income of $ 2 , 0 0 0 , 0 0 0 , 0 0 0
Crockett Corporation, a calendar year C corporation, reports net income of $ on its audited
financial statements including financial statement depreciation of $ Also, for Crockett
reports taxable income of $including tax depreciation of $ Assume that Crockett s
average annual AFSI for the threeyear period ending December is in excess of $ Also
assume that Crockett has no AMT foreign tax credit for
Compute Crockett's corporate AMT.
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