Question 3 Manual wants to make a contribution worth $10,000 to his favorite charity. He is considering donating one of the four assets set forth...

Question 3

Manual wants to make a contribution worth $10,000 to his favorite charity. He is considering donating one of the four assets set forth below. Which of the following assets should Manuel contribute to his favorite charity and why?

Stock acquired five years ago at a cost of $14,000. The current fair market value is $10,000.
Stock acquired six months ago at a cost of $5,000. The current fair market value is $10,000.
Inventory items acquired last year for Manuel's sole proprietorship. Their cost was $15,000, and their current fair market value is $10,000.
$10,000 in cash.