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Question - Mansour's, a calendar year outdoor supplies store, made a donation of outdoor cooking stoves to the Kansas valley regional girl scouts' annual jamboree. The stoves were purchased March 1 at cost of 20,00o with a retail value of 30,000. The donation was made during the same calendar year of purchase on May 1. How much will Mansour's contribution deduction be for this equipment, disregarding any limitations?
0
20,000
25,000
30,000
Monthly payments are $1,500, with the first payment being due on January 31 2016, what is the unpaid balance of the note on March 1, 2016
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