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Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C...

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Accounting

Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations.

If required, round your answers to nearest dollar.

a. Amber Corporation donated inventory of clothing (basis of $31,000, fair market value of $38,750) to a qualified charitable organization that operates homeless shelters. What is the charitable contribution deduction??

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