LO.5 David contributes to charity some tangible personal property that he had used in his business and

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LO.5 David contributes to charity some tangible personal property that he had used in his business and depreciated. At the date of the donation, the property has a fair market value of $233,000 and an adjusted basis of zero; it was originally acquired for $400,000.

What is the amount of David’s charitable contribution?

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