(Answered) In february of the current year brent corporation donates

Accounting

In February of the current year, Brent Corporation donates food from its inventory for the care disaster victims. The donated property had a $200,000 adjusted basis to Brent and a $300,000 FMV. What is the deductible amount of the gift?

a. $200,000
b. $250,000
c. $275,000
d. $300,000

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