True or False... pls answer correctly asap

Fourteen years ago, Mr. H bought a building for use in his business. He demolished the building in the current year at a cost of $5,000 because repairs were abnormally high and he had an opportunity to rent the land at an acceptable fee. Mr. H can deduct the $5,000 as an ordinary expense, and he can claim the undepreciated basis of the building as a loss.