Check my work 5 Required information Part 1 of 3 The following information applies to the questions displayed below This year Amy purchased $3,480 of equipment for use in her business. However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business. Note that because Amy did not place the equipment into service during the year, she does not claim any depreciation expense for the equipment 0.15 points Skipped eBook Print References a. After the accident, Amy had the choice of repairing the equipment for $2,240 or selling the equipment to a junk shop for $495. Amy sold the equipment. What amount can Amy deduct for the loss of the equipment? Deductible amount Check my work 6 0 Required information The following information applies to the questions displayed below) Part 2 of 3 This year Amy purchased $3,480 of equipment for use in her business, However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business. Note that because Amy did not place the equipment into service during the year, she does not claim any depreciation expense for the equipment 0.2 points Skipped book b. After the accident. Amy repaired the equipment for $1,220 What amount can Any deduct for the loss of the equipment? Print References Deductible amount Check my wo 7 0 Required information The following information applies to the questions displayed below. Part 3 of 3 This year Amy purchased $3.480 of equipment for use in her business. However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business. Note that because Amy did not place the equipment into service during the year, she does not claim any depreciation expense for the equipment 0.2 points Skipped c. After the accident, Amy could not replace the equipment so she had the equipment repaired for $4700. What amount can Amy deduct for the loss of the equipment eBook Print Deductible amount