In the Current Year,Plum Corporation,a Computer Manufacturer,donated 100 Laptop Computers

question 89

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 $70,000,and their fair market value is $250,000.What is Plum's deduction for the contribution of the computers (ignoring the taxable income limitation) ?

• A)$70,000.
• B)$140,000.
• C)$160,000.
• D)$250,000.
• E)None of the above.

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Definitions:

Cognitive Characteristic

Traits related to the mental processes involved in knowledge, understanding, problem-solving, and decision-making.

Divergently Thinking

The ability to think in varied and unique directions to generate multiple solutions for a given problem.

Breakthrough Idea

An innovative concept or solution that represents a significant advance or discovery.

Daydreaming

A cognitive process where an individual's attention drifts away from the immediate task towards a flow of thoughts, often unrelated and imaginative.