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:

Transference

A psychological phenomenon wherein patients project feelings about important people in their lives onto a psychotherapist or another figure of authority.

Therapist's Sex

The gender of a therapist, which can influence the dynamics of the therapeutic relationship or the preference of the client.

Dream Interpretation

The process of assigning meaning to dreams, often in the context of psychotherapy.

Genuineness

The quality of being authentic, sincere, and free from pretense or deceit.