In the current year plum corporation a computer

Assignment Help Finance Basics

Reference no: EM13618238

In the current year, Plum Corporation, a computer manufacturer, dontated 100 laptop computers to a local school district (a qualified educational organizaiton). The computers were constructed by Plum earlier this year, and the school district allocated the computers among its various schools where they will be used for educational purposes. Plum's basis in the computers is $70000, and their fair market value is $250,00. What is Plum's deduction for the contribution of the computers (ignoring the taxable income limitation)?

Reference no: EM13618238

Questions Cloud

Perry organized cardinal corporation 10 years ago by : 1. which statement if any is false?a. an s corporation is subject to the corporate amt.b. a high level of investment in

Assume that the managers at fort winston hospital are : assume that the managers at fort winston hospital are setting the price on a new outpatient service. the relevant data

The consultant believes that if the company moves to a : a consultant has collected the following information regarding young publishing total assets3000 milliontax

Senbet ventures is considering starting a new company to : senbet ventures is considering starting a new company to produce stereos. the sales price would be set at 1.5 times the

In the current year plum corporation a computer : in the current year plum corporation a computer manufacturer dontated 100 laptop computers to a local school district a

Construct stephensons market value balance sheet after both : stephenson real estate company was founded 25 years ago by the current ceo robert stephenson. the company purchases

What will be the companys net income for the current year : disk city inc. is a retailer for digital video disks. the projected net income for the current year is 200000 based on

Southern tours is considering acquiring holiday vacations : southern tours is considering acquiring holiday vacations. management believes holiday vacations can generate cash

Materials engineering i need you to write a report about : i need you to write a report about precipitation hardening of aluminum alloys. i will attach the report format which

User Account

All Pages