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Business, 20.11.2019 05:31 xojade

Amachine that ms. cunningham used in her business was partially destroyed by a fire. the machine had an adjusted basis of $25,000 and a fair market value of $50,000 just before the fire. the fair market value was $20,000 after the fire and before any repairs were made. ms. cunningham's insurance company immediately reimbursed her $35,000. what is her gain or loss from the casualty?

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Amachine that ms. cunningham used in her business was partially destroyed by a fire. the machine had...

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