With Respect to the Manufacturing and Processing Deduction, Which of the Following

With respect to the manufacturing and processing deduction, which of the following statements is NOT correct?

A) The manufacturing and processing deduction is available to any corporation that has manufacturing and processing profits.
B) At the federal level, there is no tax advantage associated with the use of the manufacturing and processing deduction.
C) The amount of manufacturing and processing profits is determined by a formula that is found in the Income Tax Regulations.
D) The base for the manufacturing and processing deduction cannot exceed manufacturing and processing profits, reduced by the amount eligible for the small business deduction.