You are the manager of a nonprofit orphanage. At the end of the year, a local car dealer approaches you with a propositi
Posted: Mon May 30, 2022 5:58 pm
You are the manager of a nonprofit orphanage. At the end
of the year, a local car dealer approaches you with a proposition.
He will give you a two-year-old van worth $10,000 that he has just
taken as a trade-in on a new vehicle if you will provide him with a
tax-deductible donation receipt for a new van worth $30,000. Your
current transportation is in very bad shape, and the children
really enjoy the field trips they take.
Questions:
of the year, a local car dealer approaches you with a proposition.
He will give you a two-year-old van worth $10,000 that he has just
taken as a trade-in on a new vehicle if you will provide him with a
tax-deductible donation receipt for a new van worth $30,000. Your
current transportation is in very bad shape, and the children
really enjoy the field trips they take.
Questions: