True or false.

-Barbara has two business assets that were either wholly or partially destroyed during a tornado. One was a truck with a basis of$34,000 and a market value of $30,000 beforethe tornado, and avalue of $20,000 after.The other wasstorage and utility building with a basis of$000, , amarket value of $30/000before thetomado, and novalue after dueto totaldestruction. Shereceived\$40,000 of insuranceproceeds forthese twodamagedassets. Theamount of herbusiness casualtyloss is $ 10,000