Avoiding the AMT depreciation adjustment.(alternative minimum tax ) From: The Tax Adviser | Date: January 1, 2003| Author: | COPYRIGHT 2003 American Institute of CPA's. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Editor's note: This case study has been adapted from PPC Tax Planning Guide--Closely Held Corporations, 15th Edition, by Albert L. Grasso, Joan Wilson Gray, R. Barry Johnson, Lewis A. Siegel, Richard L. Burris, James A. Keller, Gary W. Brown and Kim L. Saunders, published by Practitioners Publishing Company, Fort Worth, Tex., 2002 ((800) 323-8724; www.ppcnet.com).

Facts: Xenon Corp., a calendar-year C corporation, was formed on Nov. 1, 2002; it filed its first return for the two-month period ending Dec. 31, 2002. * On Jan. 10, 2003, Xenon purchased $100,000 of assets in each ...

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