Lavender, Inc., incurs research and experimental expenditures of $210,000 in 2017. Determine the amount of the AMT adjustment for 2017 and for 2018 if for regular income tax purposes, assuming in independent cases that:

Question

Lavender, Inc., incurs research and experimental expenditures of $210,000 in 2017. Determine the amount of the AMT adjustment for 2017 and for 2018 if for regular income tax purposes, assuming in independent cases that:
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The Answer of Lavender, Inc., incurs research and experimental expenditures of $210,000 in 2017. Determine the amount of the AMT adjustment for 2017 and for 2018 if for regular income tax purposes, assuming in independent cases that:
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