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Business, 20.03.2020 01:35 amcdaniel1

Maple Corp. owns several pieces of highly valued paintings that are on display in the corporation's headquarters. This year, it donated one of the paintings valued at $100,000 (adjusted basis of $25,000) to a local museum for the museum to display. What is the amount of Maple Corp's charitable contribution deduction for painting (assuming income limitations do not apply?

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