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Nicole has a weekend home on Pecan Island that she purchased in 2014 for $250,000. Recently, the home was appraised at $260,000. After the appraisal,

Nicole has a weekend home on Pecan Island that she purchased in 2014 for $250,000. Recently, the home was appraised at $260,000. After the appraisal, a hurricane hit Pecan Island, severely damaging Nicole's home. An appraisal placed the value of the home at $140,000 after the hurricane. Because of its prohibitive cost, Nicole had no hurricane insurance. Before any reductions or limitations, Nicole's casualty loss amount is

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$0.

$10,000.

$120,000.

$140,000.

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