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Auburn Company manufactures and sells furnishings for hospitals (e

Accounting

Auburn Company manufactures and sells furnishings for hospitals (e.g., special needs bathroom fixtures). In the current year, it donates some of its inventory to a newly constructed hospice. The hospice is adjacent to a cancer treatment center and is intended to care for indigent and terminal patients. The property donated has an adjusted basis of $40,000 and a fair market value of $90,000. What is the amount of the charitable contribution deduction if Auburn is a:

a. Sole proprietorship?

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