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In the current year, Plum Corporation, a computer manufacturer, donated 100 laptop computers to a local university (a qualified educational organization) . The computers were constructed by Plum earlier this year, and the university will use the computers for research and research training. Plum's basis in the computers is $35,000, and their fair market value is $120,000. What is Plum's deduction for the contribution of the computers (ignoring the taxable income limitation) ?
System-2 Thinking
A cognitive processing methodology that involves analytical, conscious, and rational thought, as opposed to intuitive and quick decisions.
System-1 Decision
Fast, automatic, intuitive responses or decisions, as categorized by dual-process theory in cognitive psychology.
Deliberating
The process of thoughtfully considering various aspects or options before making a decision.
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