Required information The following information applies to the questions displayed below? This year, Amy purchased $2.780 of equipment for use in her business. However, the machine was damaged in a tratfic accident while Amy was transporting the equipment to her business. Note that because Amy did not place the equipment into service during the year, she does not claim any depreciation or cost recovery expense for the equipment. b. Suppose that after the accident, Amy repaired the equipment for $3.890. What amount can Amy deduct for the loss of the equipment? Answer is complete but not entirely correct. Required information The following information applies to the questions displayed betiow? This yeat, Amy putchased $2.780 of equipment for use in ther business. However, the machine was damaged in a trallic accident while Amy was transporting the equipment to her business. Note that because Anry did not place the equipment into service during the year she does not claim amy depreciation or cost recovery expense for the ecuipment c. Suppose that after the accident, Amy could not replace the equipment so she had the equipment repaired for $3,800. What amount can Amy deduct for the loss of the equipment? Required information The following information applies to the questions displayed below? This year, Amy purchased $2.780 of equipment for use in her business. However, the machine was damaged in a tratfic accident while Amy was transporting the equipment to her business. Note that because Amy did not place the equipment into service during the year, she does not claim any depreciation or cost recovery expense for the equipment. b. Suppose that after the accident, Amy repaired the equipment for $3.890. What amount can Amy deduct for the loss of the equipment? Answer is complete but not entirely correct. Required information The following information applies to the questions displayed betiow? This yeat, Amy putchased $2.780 of equipment for use in ther business. However, the machine was damaged in a trallic accident while Amy was transporting the equipment to her business. Note that because Anry did not place the equipment into service during the year she does not claim amy depreciation or cost recovery expense for the ecuipment c. Suppose that after the accident, Amy could not replace the equipment so she had the equipment repaired for $3,800. What amount can Amy deduct for the loss of the equipment