Sacha Purchased Land in 2010 for $35,000 That She Held

question 25

Multiple Choice

Sacha purchased land in 2010 for $35,000 that she held as a capital asset.This year,she contributed the land to the Boy Scouts of America (a charitable organization) for use as a site for a summer camp.The market value of the land at the date of contribution is $40,000.Sacha's adjusted gross income is $90,000.Assuming no special elections,Sacha's maximum deductible contribution this year is

• A)$13,000.
• B)$27,000.
• C)$35,000.
• D)$40,000.

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Definitions:

Reposition

The process of changing a product's place in the market, which can involve altering its image, price, features, or target audience to better meet strategic goals.

Substitute Product

A good or service that can replace another to fulfil the same needs or desires, offering an alternative choice to consumers.

Complementary Product

A product that adds value to another primary product, usually leading to increased demand when paired together.

Complementary Brands

Brands that offer products or services that enhance or are necessary for the use of another product, creating mutual demand.