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Prashant has business property that is stolen and totally destroyed by the time it was recovered. He receives an insurance reimbursement of $5,000 on property

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Prashant has business property that is stolen and totally destroyed by the time it was recovered. He receives an insurance reimbursement of $5,000 on property that had a $14,000 basis and a market value of $20,000 before destruction. What is the amount of Prashant's casiualty loss? a. $14,000 b. $9,000 Cc. $20,000 d. $15,000 2. None of these choices are correct

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