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Northeast Recreational Properties is a limited liability company that rents recreational vehicles including boats for short-term rentals. Due to a storm, the following boats were
Northeast Recreational Properties is a limited liability company that rents recreational vehicles including boats for short-term rentals. Due to a storm, the following boats were either damaged or destroyed: Boat Basis Value Before Value After Insurance received XT10 30,000 25,000 15,000 10,000 XT09 70,000 65,000 50,000 10,000 XT04 25,000 24,000 0 23,000 The amount of Northeast's business casualty loss is__? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!
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