Bjorn Contributed a Sculpture to the Norwegian Art Museum of Oslo,Norway.The

True/False

Bjorn contributed a sculpture to the Norwegian Art Museum of Oslo,Norway.The sculpture,purchased six years ago,was worth $50,000 when donated,and Bjorn's basis was $10,000.If this sculpture is retained and displayed by the museum,Bjorn's charitable contribution deduction is $50,000 (subject to percentage limitations).