Question: business machine valued at $800 was contributed to a charitable organization during the year. The machine cost $1,000 but was depreciated down to $600 before

business machine valued at $800 was contributed to a charitable organization during the year. The machine cost $1,000 but was depreciated down to $600 before the donation was made. Indicate the correct income tax treatment with respect to the donation. Contribution of $600 (no income recognized) Contribution of $1,000 (income of $200 recognized) Contribution of $800 (income of $200 recognized) Contribution of $800 (no income recognized

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