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What is the amount of amt adjustments

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Question - Clay Company uses the completed contract method on a contract that requires 14 months to complete. The contract is for $720,000 and has estimated costs of $406,800. At the end of 2020, $185,094 of the costs had been incurred. The contract is completed on schedule; however, total costs equal $416,800. What is the amount of AMT adjustments for 2020 and 2021?

Reference no: EM133129648

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