What is the adjusted basis of furniture that was purchased for $35,000 and has been depreciated by $5,000 each year for 3 years? \begin{tabular}{l} $0 \\ \hline$20,000 \\ \hline$15,000 \\ \hline$20,000 \end{tabular} Question 23 David, a single individual has a business loss in the amount of $265,000. How much can he deduct in 2022 ? $250,000$275,000$540,000$265,000