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Hargo Corporation's delivery truck was completely destroyed in an accident. At the date of the accident, the adjusted basis was $ 1 8 , 0
Hargo Corporation's delivery truck was completely destroyed in an accident. At the date of the accident, the adjusted basis was $ The fair value before the accident was $ and the fair value after the accident was zero. The insurance company paid $ for the destroyed truck. As a result of this accident, Hargo should report which of the following?
A A casualty loss deduction of $
B A casualty loss deduction of $
C A casualty loss deduction of $
D A casualty loss deduction of $
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