During its first year of operations,Sherry's business incurred circulation expenditures of $90,000.Since the income of the business is small,Sherry decides to capitalize the expenditures and to amortize them over 3 years for regular income tax purposes.The AMT adjustment for circulation expenditures for the first year of operations is:
A)$0.
B)Negative adjustment of $30,000.
C)Positive adjustment of $30,000.
D)Positive adjustment of $60,000.
E)None of the above.

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The Answer of During its first year of operations,Sherry's business incurred circulation expenditures of $90,000.Since the income of the business is small,Sherry decides to capitalize the expenditures and to amortize them over 3 years for regular income tax purposes.The AMT adjustment for circulation expenditures for the first year of operations is:
A)$0.
B)Negative adjustment of $30,000.
C)Positive adjustment of $30,000.
D)Positive adjustment of $60,000.
E)None of the above.

During Its First Year of Operations,Sherry's Business Incurred Circulation Expenditures