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Problem 15-58 (LO 15-6) In each of the following independent cases, determine the amount of business interest expense deduction and disallowed interest expense carryforward, if

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Problem 15-58 (LO 15-6) In each of the following independent cases, determine the amount of business interest expense deduction and disallowed interest expense carryforward, if any. Required: a. Company A has ATI of $70,000 and business interest expense of $20,000. b. Company B has ATI of $90,000, business interest expense of $35,000, and business interest income of $2,000. C. Company C has taxable income of $50,000 which includes business interest expense of $60,000 and depreciation of $50,000. Amount a. Carryforward b. Carryforward C. Carryforward

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