Carl Purchased a Machine for Use in His Trade or Business

question 43

Multiple Choice

Carl purchased a machine for use in his trade or business two years ago for $30,000.During the current year,Carl donates the machine to the local community college.At the time of the contribution,the machine's adjusted basis is $10,000 and its FMV is $15,000.Carl's AGI for the year is $48,000.What is the amount of his charitable contribution deduction?

• A)$10,000
• B)$14,000
• C)$15,000
• D)$25,000

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Definitions:

Risky Behaviors

Actions that can expose individuals to harm or significant risk of negative consequences, often without full consideration of the possible outcomes.

Intense Music

Music characterized by high energy, often with loud volumes, strong beats, or emotionally charged lyrics that evoke a deep response.

Yerkes-Dodson Law

posits that an optimal level of arousal for performance exists, where too little or too much arousal can impair performance.

Optimal Levels

The most favorable, efficient, or effective state of something for a particular purpose or outcome.