5. Mesab owned a special purpose boat for use in a fishing business. The boat originally cost $4,000 and had a basis of $-0- The boat that was worth $3,200 at the time was totally destroyed when it was blown by strong winds into large rocks. How much can Mesab deduct related to this casualty? Is this a deduction for AGI or from AGI? 6. Duy frequently makes loans to suppliers that are suffering financial problems. At the beginning of the year, Duy had outstanding loans of $8,000, $2,200 of which he believed were uncollectable. At the end of the year, Duy had outstanding loans of $6,000, $1,200 of which he believed were uncollectable. During the year, Duy determined that $1,800 of specific loans were worthless