Problem $1-57($LO $1-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

This year, Amy purchased $$2,650$ of equipment for use in her business. However, the machine was damag accident while Amy was transporting ihe equipment to her business. Note that because Amy did not place into service during the year, she does not claim any depreciation or cost recovery expense for the equipme

Problem $1-57$ Part$-$a $($Algo$)$

a$.$ After the accident, Amy had the choice of repairing the equipment for $$1,960$ or selling the equipment to a junk sold the equipment. What amount can Amy deduct for the loss of the equipment?

Deductible amount