Question: (CO 4) Mac Corporation, a computer maker, donated computers to a qualified educational institution. The computers were manufactured by Mac and the educational institution will

(CO 4) Mac Corporation, a computer maker, donated computers to a

(CO 4) Mac Corporation, a computer maker, donated computers to a qualified educational institution. The computers were manufactured by Mac and the educational institution will use the computers for research and research training. Mac's basis in the computers is $40,000 and the fair market value is $100,000. What is the amount of Mac's tax deduction for the computers? Ignore the taxable income limitation. $40,000 $80,000 $70,000 $100,000

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