Tim Barnes makes a charitable contribution of a machine(market value $800) to a qualifying charitable organization. Tims original cost for the machine is $1,000 and he has claimed total depreciation deductions of $400. How will he report the contribution on his federal income tax return?

a. Contribution of $600 (no income recognized)

b. Contribution of $1,000 (income of $200 recognized)

c. Contribution of $800 (income of $200 recognized)

d. Contribution of $800 (no income recognized)

e. None of the above