If mining exploration and development costs are capitalized and written off over 10 years, no adjustment is necessary for AMT purposes.

Name: If mining exploration and development costs are capitalized and written off over 10 years, no adjustment is necessary for AMT purposes.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

Mining exploration and development costs are capitalized and amortized over 10 years for both financial and tax purposes. Therefore, no adjustment is necessary for AMT purposes.

If Mining Exploration and Development Costs Are Capitalized and Written