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QUESTION 29 An insured truck that Ahn used in his business is destroyed in an accident. At the time of the accident, the wted is

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QUESTION 29 An insured truck that Ahn used in his business is destroyed in an accident. At the time of the accident, the wted is 510.300 und the water value was $17.000. The insurance company paid him $12,000. What are the tax implications of the accident? $2,000 loss $5,000 loss $2,000 gain no impact on taxes

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