# ACCOUNTING 328-Don is the owner of a large apartment complex that

Problem 3-39 (LO. 3)Don is the owner of a large apartment complex that was built 30 years ago. As the complex is in serious need of renovation, Don pays Cardinal Construction Corporation \$2,800,000 to do the work. Don also pays an architect \$400,000 to draw up plans for the project. Because the rewiring requirements are so extensive, Cardinal pays Dove Electric Company \$500,000 to handle this part of the renovation. At all times, title to the apartment complex remains with Don.What is the amount of DPGR for each taxpayer? If there is no DPGR for a taxpayer, enter “0”.TaxpayerAmountDon\$Cardinal Construction Corporation\$Architect\$Dove Electric Company\$Exercise 3-24 (Algorithmic) (LO. 3)Winsdor, Inc., produces a product in both the United States and India. Gross receipts derived are \$6,940,000 for the United States and \$1,388,000 for India.What is the total amount of the receipts that qualify as DPGR?\$Exercise 3-28 (Algorithmic) (LO. 7)Complete the following regarding AMT adjustments.Pineview Corporation placed an asset (three-year MACRS class life) costing \$22,000 in service on June 1, 2016. Complete the table below by providing the AMT adjustment and indicate whether the adjustment increases or decreases taxable income.Year Tax DeductionAMT DeductionAMT AdjustmentIncreases or Decreases2016 \$7,335\$5,500\$Increases2017 9,7778,030\$Increases2018 3,2565,500\$Decreases2019 1,6322,970\$Decreases

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