Problem $3-54($L$0.4)$

Crockett Corporation, a calendar year C corporation, reports net income of $$2,000,000,000$ on its $2023$ audited financial statements

$($including financial statement depreciation of $$250,000,000).$ Also, for $2023,$ Crockett reports taxable income of $$900,000,000($including

tax depreciation of $$400,000,000).$ Assume that Crockett $\text{'}$s average annual AFSI for the three$-$year period ending December $31,2023,$ is in

excess of $$1,000,000,000.$ Also assume that Crockett has no AMT foreign tax credit for $2023.$

Compute Crockett's $2023$ corporate AMT.

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