Question: Indicate the answer choice that best completes the statement or answers the question 1. Albert purchased a tract of land for $140,000 in 2015 when

Indicate the answer choice that best completes the statement or answers the question 1. Albert purchased a tract of land for $140,000 in 2015 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000. Highway engineers surveyed the property and indicated that he would probably get $180,000. The highway project was abandoned in 2018 and the value of the land fell to $100,000. What is the amount of loss Albert can claim in 20187 a. $40,000 b. $60,000 c. $80,000 d. $100,000 e. None of the above

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