ACC113-54401 Intermediate Income Taxes Corporations Nhu Homework: Chapter 5 Home

Question

ACC113-54401 Intermediate Income Taxes Corporations Nhu Homework: Chapter 5 Homework Score: 0 of 1 pt QC:5-13 (book/static) 3 of 35 (2 complete) Discuss the regular tax and AMT depreciation rules applicable to the following types of pro b. Section 1245 property drill pres a. A taxpayer generally depreciates Sec. 1250 property purchased in 1999 or later using the 150% declining balance 200% declining balance method for AMT purposes. A taxpayer generally ldoes not make an AMT adjustment for it. od f an s) and the

Explanation / Answer

The options you selected may be wrong, correct answer would be:

200% declining balance method for regular tax purpose and 150% declining balance method for AMT purpose and tax payer shall need to make an adjustment for it.

Please mark the answer as helpful if found so

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---