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safezone safezone
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7 years ago
Zerotech Corporation donates the following property to an elementary school:
•   Computer printer purchased three years ago for $1,000. The printer has a $500 FMV and $-0- adjusted basis on contribution date.
•   Computer equipment acquired one year ago at a cost of $5,000. The equipment has an $8,000 FMV and $0 adjusted basis on contribution date.
•   Computer software acquired two months ago at a cost of $10,000. The software will be used in a prekindergarten program. Its FMV on the contribution date is $10,000 and it has an adjusted basis of $0.

a)   Identify any donation qualifying for special treatment.
b)   What is Zerotech's charitable contribution deduction?
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
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That's not philosophy, it's geometry
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genflynngenflynn
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7 years ago
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We have the most crude accounting tools. It's tragic because our accounts and our national arithmetic doesn't tell us the things that we need to know.

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safezone Author
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7 years ago
Brilliant ツ
DAGINC
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Yesterday
You make an excellent tutor!
Morgan-C
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2 hours ago
This helped my grade so much Perfect
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