In the Current Year, Plum Corporation, a Computer Manufacturer, Donated

question 26

Multiple Choice

In the current year, Plum Corporation, a computer manufacturer, donated 100 laptop computers to a local school district (a qualified educational organization) . The computers were constructed by Plum earlier this year, and the school district allocated the computers among its various schools where they will be used for educational purposes. Plum's basis in the computers is $50,000, and their fair market value is $120,000. What is Plum's deduction for the contribution of the computers (ignoring the taxable income limitation) ?

• A)$0.
• B)$50,000.
• C)$85,000.
• D)$100,000.
• E)$120,000.

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Definitions:

Physiological

relating to the normal functioning of living organisms and their parts, as well as the physical and chemical processes involved.

Safety Needs

The second level of Maslow's hierarchy, encompassing security, stability, and freedom from fear.

Actualizing Tendency

An innate drive in living organisms to develop all their capacities in ways which serve to maintain or enhance themselves.

Positive Regard

The acceptance, love, and support one receives from others, often seen as crucial for self-esteem and psychological growth.