The required adjustment for AMT purposes for pollution control facilities placed in service in 2014 is equal to the difference between the amortization deduction allowed for regular income tax purposes and the depreciation deduction computed under ADS.

Question

Quizplus · Accepted Answer

This statement is true only if the asset was placed in service prior to January 1,1999.If the asset is placed in service after December 31,1998,depreciation is calculated under MACRS rather than under ADS.This has the effect of reducing the amount of the AMT adjustment.

The Required Adjustment for AMT Purposes for Pollution Control Facilities