Becky Places Five-Year Property in Service During June 2014 Using

question 43

Multiple Choice

Becky places five-year property in service during June 2014 using the half-year convention.Depreciation is $1,500 under the 150% declining balance method and $2,000 under 200% declining balance.Becky uses the 200% declining balance method for regular income tax purposes.What is the amount of Becky's AMT adjustment?

• A)$0
• B)$1,500 positive adjustment
• C)$500 positive adjustment
• D)$500 negative adjustment

---

Definitions:

High-value

Referring to products, services, or investments that are considered to be of great worth or quality in comparison to their price or cost.

Oral Auction

A public sale method where goods or services are sold to the highest bidder through verbal bids.

Low-value

Low-value refers to items, services, or transactions that are considered to have minimal worth or importance, either in terms of monetary value or significance.

High-value

Referring to items or services that possess great monetary, instrumental, or intrinsic worth.