Duke provides transportation services, and one of his pickups was damaged in an...
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Accounting
Duke provides transportation services, and one of his pickups was damaged in an car accident. The pickup was purchased for $41,000 and the adjusted basis was $19.000 at the time of the accident. The pickup was repaired at a cost of $4,500 and insurance reimbursed Duke $2,000 of this cost. What is the amount of Duke's casualty loss deduction? O A. $19,000 O B. $2,000 O C. $3,000 O D. $2,500 O E. $4.500
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