Identify Which of the Following Statements Is True

question 27

Multiple Choice

Identify which of the following statements is true.

• A)Depreciation on real property may be a tax preference item for purposes of computing AMT.
• B)Depreciation on real property may be an adjustment item for purposes of computing AMT.
• C)Adjustments to taxable income always increase alternative minimum taxable income.
• D)Both A and B are true.

---

Definitions:

Medial Epicondyle

The bony prominence on the inner side of the humerus, to which muscles of the forearm are attached.

Lateral Epicondyle

A bony prominence on the outside (lateral side) of the humerus (upper arm bone) where tendons of the forearm muscles attach.

Flexors

Muscles that decrease the angle between bones at a joint, functioning to bend or flex a part of the body.

Opposition

The movement that involves bringing the thumb and finger together.