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1) Which of the following is not an adjustment in calculating AMTI?A. The regular tax NOL deductionB. Production activities deductionC. The difference between the gains for AMTI and regular tax purposesD. Gain on installment sales of non inventory property2) Which of the following statements about the alternative minimum tax depreciation rules is correct?A. The excess of the gain reported on the disposition of tangible personal property for income tax purposes over the gain reported for alternative minimum tax purposes is a positive adjustment to taxable income in arriving at alternative minimum taxable income.B. A 31.5-year recovery period is used when calculating the commercial real property depreciation deduction for alternative minimum taxable income purposes.C. No depreciation adjustment is made when computing AMT for real property acquired after 1998.D. The MACRS depreciation rules are used to calculate the depreciation deduction when calculating alternative minimum taxable income regardless of the date the property was placed in service.3) Which of the following items are tax preference items for purposes of arriving at alternative minimum taxable income?A. Interest income earned on federal obligationsB. All depreciation claimed on pre-1987 real property acquisitionsC. Excess of net long-term capital gains over short-term capital lossesD. Excess intangible drilling costs on oil and gas properties4) Which of the following is not an adjustment in calculating AMTI?A. The regular tax NOL deductionB. Production activities deductionC. The difference between the gains for AMTI and regular tax purposesD. Gain on installment sales of non inventory property

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