Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchased for $19500 and the adjusted basis was $1400 at the time of the accident. The taxi was repaired at a cost of $2,800 and insurance reimbursed Don $736 of this cost. What is the amount of Don's casualty loss DEDUCTION

-Bateman Corporation sold an office building that it used in its business for $800,750. Bateman bought the building ten years ago for $599625 and has claimed $201125 of depreciation expense. What is the amount and character of Bateman's gain or loss?