Zero Corporation contributes inventory (computers) to State University for use in its mathematics program. The computers have

Question:

Zero contributes inventory (computers) to State University for use in its mathematics program. The computers have a $1,225 cost basis and an $2,800 FMV. How much is Zero’s charitable contribution deduction for the computers? (Ignore the 10% limit.)
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...