This year, Amy purchased $3,250 of equipment for use in her business. However, the machine was damaged in a traffic 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 $1,290. What amount can Amy deduct for the loss of the equipment? Deductible amount