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

question 63

Multiple Choice

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) ?

• A) $35,000
• B) $70,000
• C) $77,500
• D) $85,000
• E) $120,000

Comprehend the significance of proper media selection in communication.

Grasp the essentials of conducting effective meetings and presentations.

Understand the benefits and challenges of telecommuting and teleworking.

Recognize ways to improve clarity and organization in email communication.

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Definitions:

Transcontinental Railroad

A railway system completed in 1869 that connected the eastern and western parts of the United States, significantly reducing travel time and facilitating economic growth.

Labor Choices

The decisions related to employment, including job selection, career paths, and work conditions.

Freed Slaves

Individuals who were emancipated from the condition of slavery, often after legal abolition or through acts of liberation.

Freed Slaves

Individuals who were emancipated from slavery, especially in the United States following the Civil War.