In February of the Current Year, Brent Corporation Donates Computer

question 6

Multiple Choice

In February of the current year, Brent Corporation donates computer equipment that it purchased six months ago to Eastside High School for use in its educational program. The donated property had a $20,000 adjusted basis to Brent and a $40,000 FMV. What is the amount of the gift?

• A)$20,000
• B)$30,000
• C)$35,000
• D)$50,000

---

Definitions:

Spinal Cord Injury

Damage to the spinal cord that results in a loss of function, such as mobility or feeling, below the site of the injury.

Colon Resection

Surgical removal of a portion of the colon, often due to diseases such as colon cancer or diverticulitis.

Appendectomy

A surgical procedure to remove the appendix, often performed to treat appendicitis.

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society inherited from past generations, preserved for future ones.