Lavender, Inc., incurs research and experimental expenditures of $210,000 in 2017. Determine the amount of the AMT adjustment for 2017 and for 2018 if for regular income tax purposes, assuming in independent cases that:
Definitions:
Bruce Tuckman
An American psychological researcher known for his model on the stages of group development.
Reciprocal
Involving mutual actions or relationships where two parties give and take equivalently.
Tuckman's Model
A theory of group development presented by Bruce Tuckman, outlining stages teams typically go through: forming, storming, norming, performing, and adjourning.
Group Formation
The process through which people come together to form a group based on shared objectives, interests, or values.
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