Which of the Following Would Not Be a Positive Tax

question 7

Multiple Choice

Which of the following would not be a positive tax preference item in 2016?

• A)Accelerated depreciation on real property in excess of straight-line.
• B)Intangible drilling costs.
• C)Alternative minimum tax NOL deduction.
• D)Percentage depletion in excess of adjusted basis.
• E)None of the above.

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Definitions:

Capacity Analysis

The evaluation of a company's ability to meet its production goals with the available resources and facilities.

Time-Driven Activity-Based Costing

A costing method that estimates the costs of resources used in business activities, based on the time those activities take and the rate at which resources are consumed.

Customer Service Department

A functional unit within a business that handles customer inquiries, complaints, and facilitates after-sales support.

Capacity Analysis

The evaluation of a business's ability to meet current and future production demands with its existing resources.