Nathan owns Security Blanket, Inc., a security business. He has the following transactions for which he would like some tax advice:

The sale of a building owned by the business for $200,000. The original purchase price was $260,000, and the building was never depreciated because it was never placed in service.

The sale of satellite security system used by the business for one year. The firm purchased

the system for $250,000, depreciated $35,725, and sold it for $175,000.

The sale of a car owned by Nathan. The purchase price was $65,000; the sales price was

$58,000. Which of the items listed above are considered deductible losses?

a) All the items are deductible losses.

b) Only the satellite system

c) The building and the satellite security system

d) Only the building