Question: Exercise 12-19 (Algorithmic) (LO. 3) Brennen sold a machine used in his business for $252,200. The machine was purchased eight years ago for $453,960. Depreciation

Exercise 12-19 (Algorithmic) (LO. 3) Brennen sold a machine used in

Exercise 12-19 (Algorithmic) (LO. 3) Brennen sold a machine used in his business for $252,200. The machine was purchased eight years ago for $453,960. Depreciation up to the date of the sale for regular income tax purposes was $290,030 and $261,027 for AMT purposes. What AMT adjustment arises as a result of the sale of the machine? For AMT purposes, Brennen has a adjustment of $ related to the sale

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