The AMT Adjustment for Research and Experimental Expenditures Can Be

question 19

True/False

The AMT adjustment for research and experimental expenditures can be avoided if the taxpayer capitalizes the expenditures and amortizes them over a 10-year period.

---

Definitions:

Radiometric Dating

A method for determining the age of an object containing organic material by measuring the levels of various isotopes within it.

Earth's Crust

The outermost layer of the Earth, composed of a variety of rocks and minerals; it forms the continents and ocean basins.

Fault

A fracture or zone of fractures between two blocks of rock, which can cause large scale earth movements.

Plates Meet

Regions where tectonic plates come into contact, which can lead to geologic activity such as earthquakes, volcanic eruptions, and the formation of mountains.