Derrick owns a farm in eastern North Carolina. A hurricane hit the area building and some form equipment and damaged a barn national disaster area was declared) and destroyed a farm Building Equipment Adiusted Basis $154,700 89,600 141,00 before Damage $192,900 70,000 206. See after Insurance Damage $ e 141. 5. Sed Due to the extensive damage throughout the area, the president of the United States declared all areas affected by the hurricane as a disaster area. Derrick, who files a joint return with his wife, had $46,200 of taxable income last year. Their taxable income for the Current year is $153.600, excluding the loss from the hurricane .-1. Calculate the amount of the loss deductible by Derrick and his wife. .-2. What amount of loss should be adjusted against current and last year? Loss Amount Hit Score