Question: Pineview Corporation placed an asset (three-year MACRS class life) costing $5,000 in service on June 1, 2015. Complete the table below by providing the AMT

Pineview Corporation placed an asset (three-year MACRS class life) costing $5,000 in service on June 1, 2015. Complete the table below by providing the AMT adjustment and indicate whether the adjustment increases or decreases taxable income.

YearTax Deduction 2015 2016 2017 2018 AMT Deduction $1,250 1,875 1,250 625 AMT Adjustment Increases or Decreases $1,667 2,222 740 371

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