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a tornado demolished several delivery vans owned for three years by stewart company. stewarts asjusted basis in the vans was 28400 and stewart paid 90000
a tornado demolished several delivery vans owned for three years by stewart company. stewarts asjusted basis in the vans was 28400 and stewart paid 90000 to purchase new vans. Stewart received a 25000 settlement from this casualty insurance company. Consequently Stewart recognizes:
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