1. Sue's SUV, which is used exclusively in her business, was damaged in an accident. The adjusted basis prior to the accident was $25,000. The FMV before the acident was $18,000 and after the accident was $6,000. Insurance proceeds of $7,200 were recieved. What is Sues adjusted basis for the SUV after the casualt?

a. $0 b. $13,000 c. $6,000 d. $13,100

2. A doctor's incorporated medical practive may end the last day of any onth of the year.

a. true b. false