49. Which of the following statements is TRUE based on the following information? A cruise line wants to donate 500 surplus TV sets to a charity in the United States. The TV sets were imported into the U.S. four years earlier for use on the cruise ships and duty was paid by the cruise line. At the time duty was paid four years ago, the wholesale value of the TV sets was $5000. The cruise line now states that the TV sets have no value due to depreciation.
A. The merchandise is not subject to duty since the goods are being donated to a charity
B. The merchandise is not subject to duty since duty was paid previously
C. The merchandise is not subject to duty since the importer declared the value at zero
D. The merchandise is subject to duty based on the original wholesale value
E. The merchandise is subject to duty based on a reasonably adjusted value
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