Teal, Inc., owns two warehouses that were placed in service before 1987. This year, accelerated depreciation on

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Teal, Inc., 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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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337386173

21st Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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