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QUESTION 2 Alya is in the business of dairy farming. During the year one of her barna was destroyed by firm. The adjusted basis of

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QUESTION 2 Alya is in the business of dairy farming. During the year one of her barna was destroyed by firm. The adjusted basis of the bar was 195,000. The fair marit value at the bar before the fire was $25.000 and so after the fire. Alya recovered $60,000 from the insurance company. Alya has adjusted gross income for the year of $50,000 (before considering the casualty). Determine the amount of loss she can deduct on her tax return for the current year. a: 595,000 6.59,900 O $35.000 O d. 529.900

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