This year, Brennen sold a machine used in his business for $180,000. The machine was put into

Question:

This year, Brennen sold a machine used in his business for $180,000. The machine was put into service eight years ago for $340,000. Depreciation up to the date of the sale for regular income tax purposes was $210,000; it was $190,000 for AMT purposes. What, if any, AMT adjustment arises as a result of the sale of the machine?

Fantastic news! We've Found the answer you've been seeking!