Question: Problem 5-61 (LO 5-4) Adrian contributed an antique vase he had owned for 25 years to a museum. At the time of the donation,

Problem 5-61 (LO 5-4) Adrian contributed an antique vase he had owned

Problem 5-61 (LO 5-4) Adrian contributed an antique vase he had owned for 25 years to a museum. At the time of the donation, the vase had a value of $35,250. The museum displayed this vase in the art gallery. Required: a. Assume that Adrian's AGI is $70,000, and his basis in the vase is $15,250. How much may Adrian deduct? b. How would your answer to Part (a) change if, instead of displaying the vase, the museum sold the vase to an antique dealer? a. b. Charitable contribution deduction

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