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Joshua purchased business furniture and fixtures (7-year property) for $40,000 in May 2012. On July 15, 2015, Joshua sold the furniture and fixtures for $30,000. During his years of ownership, he had taken $27,504 of depreciation for regular tax purposes. AMT depreciation for that period was $17,276. What is the 2015 AMT adjustment required as a result of the sale of the assets?
Off-the-job Training
Training that takes place away from the primary work environment, often in a classroom setting, to develop skills and knowledge applicable to an employee's job.
Instruction and Training
Activities designed to enhance the skills and knowledge of employees, often related to their specific job functions.
Internship Program
A structured work experience related to a student's major or career goal, offering practical experience and providing the opportunity to gain exposure to one's field of interest.
Individual Learning
The process through which a person acquires new knowledge or skills through personal study and experiences.
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