Heart Mountain Enterprises suffered a business casualty loss when a large machine was swallowed up...
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Heart Mountain Enterprises suffered a business casualty loss when a large machine was swallowed up by an earth quake. Cameras caught the machine being crushed, then disappearing into a great abyss. It was never seen again. The machine had an adjusted basis of $ It's FMV was $ Determine the deductible business casualty loss for Heart Mountain Enterprises. Insurance paid $ What is the deductible business loss for this casualty? $ 
Heart Mountain Enterprises suffered a business casualty loss when a large machine was swallowed up by an earth
quake. Cameras caught the machine being crushed, then disappearing into a great abyss. It was never seen again. The
machine had an adjusted basis of $ It's FMV was $ Determine the deductible business casualty
loss for Heart Mountain Enterprises. Insurance paid $
What is the deductible business loss for this casualty?
$
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