Jesse placed equipment that cost $48,000 in service in 2015 (neither § 179 expensing nor bonus depreciation was elected).On July 1, 2017, Jesse sold the equipment for $22,000.
Regular tax and AMT depreciation amounts for the equipment are computed as follows.
$\begin{array}{cll}&\text { Regular Tax } & \text { AMT } \
&\text { Depreciation } & \text { Depreciation }\
2015 & \$ 9,600 & \$ 7,200 \
2016 & \$ 15,360 & \$ 12,240 \
2017 & \$ 4,608 & \$ 4,284
\end{array}$

What AMT adjustments will be required for the equipment for 2017?

Question

​Jesse placed equipment that cost $48,000 in service in 2015 (neither § 179 expensing nor bonus depreciation was elected).On July 1, 2017, Jesse sold the equipment for $22,000. ​
Regular tax and AMT depreciation amounts for the equipment are computed as follows.
​ $\begin{array}{cll}&\text { Regular Tax } & \text { AMT } \
&\text { Depreciation } & \text { Depreciation }\
2015 & \$ 9,600 & \$ 7,200 \
2016 & \$ 15,360 & \$ 12,240 \
2017 & \$ 4,608 & \$ 4,284
\end{array}$ ​
​
What AMT adjustments will be required for the equipment for 2017?
​

Quizplus · Accepted Answer

The Answer of ​Jesse placed equipment that cost $48,000 in service in 2015 (neither § 179 expensing nor bonus depreciation was elected).On July 1, 2017, Jesse sold the equipment for $22,000. ​
Regular tax and AMT depreciation amounts for the equipment are computed as follows.
​ $\begin{array}{cll}&\text { Regular Tax } & \text { AMT } \
&\text { Depreciation } & \text { Depreciation }\
2015 & \$ 9,600 & \$ 7,200 \
2016 & \$ 15,360 & \$ 12,240 \
2017 & \$ 4,608 & \$ 4,284
\end{array}$ ​
​
What AMT adjustments will be required for the equipment for 2017?
​

​Jesse Placed Equipment That Cost $48,000 in Service in 2015

Jesse Placed Equipment That Cost $48,000 in Service in 2015