kens uninsured automobile which was used for business purposes was damaged in an accident. at the date of the

accident the fair market value was 12,000 and its adjusted basis was 9,000 after the accident the automobile appraised at 4,000 kens loss deduction is

8,000 from deduction

8,000 for deduction

4,000 from deduction

4,000 for deduction

none of the above

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