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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. what the AMT adjustment for circulation expenditures for the first year of operations is ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M988559

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