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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
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 ws originally accquired for $400,000. What is the amount of David's charitable contribution?
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