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Compute the charitable contribution deduction ( ignoring the percentage limitation ) for each of the following C corporations. 1 . Amber Corporation donated inventory of
Compute the charitable contribution deduction ignoring the percentage limitation for each of the following C corporations.
Amber Corporation donated inventory of clothing basis of $ fair market value of $ to a qualified charitable organization that operates homeless shelters.
Brass Corporation donated stock held as an investment to Western College a qualified organization Brass acquired the stock three years ago for $ and the fair market value on the date of the contribution is $ Western College plans on selling the stock.
Ruby Corporation donates a sculpture held as an investment and worth $ to a local museum a qualified organization which exhibits the sculpture. Ruby acquired the sculpture four years ago for $
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