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Turks Corporation donates inventory having an adjusted basis of $50,000 and an FMV of $160,000 to a qualified public charity. The inventory will be used
Turks Corporation donates inventory having an adjusted basis of $50,000 and an FMV of $160,000 to a qualified public charity. The inventory will be used by the charity to care for the ill. The maximum charitable contribution deduction before consideration of the 10% limitation is
A) $50,000.
B) $55,000.
C) $100,000.
D) $105,000.
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