13. Dorothy donated a valuable painting, recently appraised at $25,000, to her town's civic theater....
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Accounting
13. Dorothy donated a valuable painting, recently appraised at $25,000, to her town's civic theater. Dorothy had purchased the painting many years ago for $11,000. The theater sold the painting to provide funding for its programs. Dorothy's AGI is $100,000. Dorothy will be able to take a charitable deduction in 2021 of
Select one:
a. $10,000.
b. $11,000
c. $25,000.
d. $50,000.
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