Heart Mountain Enterprises suffered a business casualty loss when a large machine was swallowed up by an earth

quake. Cameras caught the machine being crushed, then disappearing into a great abyss. It was never seen again. The

machine had an adjusted basis of $$1,650,000.$ It's FMV was $$1,500,000.$ Determine the deductible business casualty

loss for Heart Mountain Enterprises. Insurance paid $$1,000,000.$

What is the deductible business loss for this casualty?

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