Zerotech Corporation Donates the Following Property to an Elementary School

question 8

Essay

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?

---

Definitions:

Electrical Impulse

A rapid, transient electrical charge that travels along the membrane of a nerve or muscle cell.

Chain Reaction

A sequence of reactions where a reactive product or by-product causes additional reactions to take place.

P-R Interval

A measurement on an electrocardiogram (ECG) reflecting the time between the onset of atrial depolarization and the onset of ventricular depolarization; important in diagnosing cardiac conditions.

S-T Segment

A portion of the ECG tracing between the S and T waves, representing the period when the heart's ventricles are depolarized.