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Business, 23.11.2019 05:31 denaemarie02

Alicia was involved in an automobile accident in 2019. her car was used 60% for business and 40% for personal use. the car had originally cost $40,000. at the time of the accident, the car was worth $20,000 and alicia had taken $8,000 of depreciation. the car was totally destroyed and alicia had let her car insurance expire. if her agi is $50,000 (before considering the loss), determine her agi and itemized deduction for the casualty loss.
a.$26,000; $5,700.
b.$34,000; $-0-.
c.$34,000; $4,500.
d.$50,000; $-0-.
e. none of these

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