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Seven Corporation contributes inventory (computers) to State University for use in its mathematics program. The computers have a $850 cost basis and a $2,500
Seven Corporation contributes inventory (computers) to State University for use in its mathematics program. The computers have a $850 cost basis and a $2,500 FMV. How much is Seven's charitable contribution deduction for the computers? (Ignore the 10% limit on non-cash contributions.) (Round your answers to the nearest whole dollar.) Deduction if the property qualifies as scientific research property under Sec. 170(e)(4): 1,675 Deduction if the property does not qualify as scientific research property: 1700
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