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Gale acquired computer equipment for $12,000 this year, but the computers were damaged in a flood soon after the acquisition. After the flood, the computers

Gale acquired computer equipment for $12,000 this year, but the computers were damaged in a flood soon after the acquisition. After the flood, the computers were worth $4,000, and insurance reimbursed Gale $4,000. Calculate the amount of the business casualty loss.

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