Question: Problem 3 - 5 4 ( LO . 4 ) Crockett Corporation, a calendar year C corporation, reports net income of $ 1 , 7
Problem LO
Crockett Corporation, a calendar year C corporation, reports net income of $ on its audited financial statements including Federal income tax expense of $ and financial statement depreciation of $ Also, for Crockett reports taxable income of $including tax depreciation of $ Assume that Crockett's average annual AFSI for the threeyear period ending December is in excess of $ Also, assume that Crockett has no AMT foreign tax credit for
Compute Crockett's corporate AMT.
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