If a taxpayer is donating a non-depreciable capital asset with a fair market value that exceeds its adjusted cost base, a taxpayer can elect any amount between those two values as the amount of his contribution. Why is it generally appropriate to elect the higher fair market value?

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The Answer of If a taxpayer is donating a non-depreciable capital asset with a fair market value that exceeds its adjusted cost base, a taxpayer can elect any amount between those two values as the amount of his contribution. Why is it generally appropriate to elect the higher fair market value?

If a Taxpayer Is Donating a Non-Depreciable Capital Asset with a Fair