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T Corp gave inventory (winter coats) away to a charity that helps the needy. It's basis in the inventory was $5,000, and the value was
T Corp gave inventory (winter coats) away to a charity that helps the needy. It's basis in the inventory was $5,000, and the value was $18,000. Determine the dollar amount of the donation for tax purposes. $5,000. $10,000. $11,500. $18,000.
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