Becky places five-year property in service during June 2014 using the half-year convention.Depreciation is $1,500 under the 150% declining balance method and $2,000 under 200% declining balance.Becky uses the 200% declining balance method for regular income tax purposes.What is the amount of Becky's AMT adjustment?

Question

Quizplus · Accepted Answer

The AMT adjustment is the difference between the depreciation under the 200% declining balance method ($2,000) and the 150% declining balance method ($1,500), resulting in a $500 positive adjustment.

Becky Places Five-Year Property in Service During June 2014 Using