Which one of the following assets should Manuel contribute to his favorite charity and why?

Stock acquired five years ago at a cost of $13,000.The current fair market value is $10,000.

Stock acquired six months ago at a cost of $4,000.The current fair market value is $10,000.

Inventory items acquired last year for Manuel’s sole proprietorship.Their cost was $12,000, and their current fair market value is $10,000.

$10,000 in cash.

AppendixLO1