The destruction of a warehouse used in connection with a trade or business generates a loss that:

a. is deductible in an amount equal to a maximum of $250,000

b. is deductible in an amount equal to the adjusted basis of the warehouse

c. is deductible only in the year following the year in which the loss occurs

d. is not deductible

e. is deductible to the extent the loss exceeds $100 plus 10% of AGI