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Durell's sole proprietorship builds residential housing.The business is eligible to use the completed contract method for regular income tax purposes.What can Durell do to minimize his AMT?
Cash Flows from Operating Activities
The section of a company's cash flow statement that represents the amount of money a company brings in from its regular business activities.
Depreciation
The accounting method of allocating the cost of a tangible asset over its useful life, representing the asset's wear and tear, deterioration, or obsolescence.
Investing Activities
Transactions involving the purchase and sale of long-term assets and investments, recorded in the cash flow statement.
Cash Dividends
Profits distributed by a corporation to its shareholders in the form of cash.
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