Brian makes gifts as follows:
* Includes $2 for engraving
Presuming adequate substantiation and no reimbursement, how much may Brian deduct?
Definitions:
Amortization
The process of gradually writing off the initial cost of an asset over its useful life.
Bond Investment
An investment in debt securities issued by corporations or governments to finance their operations.
Other Comprehensive Income
Other Comprehensive Income represents revenues, expenses, gains, and losses not included in net income, and reflects changes in equity during a period except those resulting from investments by and distributions to owners.
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