33. Blue Grocery, Inc., a C corporation with high taxable income, donates some of its inventory to the Local Food Bank (a charitable organization) which distributes food to the needy. At the time of the contribution, the FMV of the inventory was $20,000, and Blue Grocery's basis was $6,000. Blue Grocery will be allowed a charitable contribution deduction of

A) $6,000.

B) $12,000.

C) $14,000.

D) $20,000.

34. For non-cash charitable donations, an appraisal will be required for donations valued at more than

A) $250.

B) $500.

C) $5,000.

D) $50,000.