Examlex
The secondary ossification center in a long bone is the
AMT Depreciation Adjustment
Adjustments for depreciation that are required when calculating the Alternative Minimum Tax, a parallel tax system designed to ensure that certain taxpayers pay a minimum amount of tax.
7-year Property
Refers to assets that have a recovery period of 7 years under the Modified Accelerated Cost Recovery System for depreciation.
AMT Purposes
AMT purposes relate to the calculation for the Alternative Minimum Tax, a supplemental income tax required in addition to baseline income tax for certain individuals, corporations, estates, and trusts.
AMT Depreciation Adjustment
Adjustments made for alternative minimum tax purposes, recalculating depreciation based on specific AMT rules.
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