Problem 12-37 (LO. 3, 8) In March 2017, Helen Carlon acquired used equipment for her business at a cost of $300,000. The equipment is five-year property for depreciation purposes. Click here to refer the depreciation tables. a. If Helen depreciates the equipment using the method that will produce the greatest deduction for 2017 for regular income tax purposes what is the amount of the AMT adjustment? Helen does not elect 179 expensing or additional first-year depreciation. Regular income tax depreciation AMT depreciation AMT adjustment b. To reduce the AMT adjustment to zero, Helen should elect to use the depreciation method for regular income tax purposes. The election reduces the depreciation, resuling in a depreciation deduction for AMT and regular income tax purposes that would be Problem 12-37 (LO. 3, 8) In March 2017, Helen Carlon acquired used equipment for her business at a cost of $300,000. The equipment is five-year property for depreciation purposes. Click here to refer the depreciation tables. a. If Helen depreciates the equipment using the method that will produce the greatest deduction for 2017 for regular income tax purposes what is the amount of the AMT adjustment? Helen does not elect 179 expensing or additional first-year depreciation. Regular income tax depreciation AMT depreciation AMT adjustment b. To reduce the AMT adjustment to zero, Helen should elect to use the depreciation method for regular income tax purposes. The election reduces the depreciation, resuling in a depreciation deduction for AMT and regular income tax purposes that would be