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Other Fields Homework Help Accounting Topic started by: Augustus1 on Jan 9, 2017



Title: Nicole has a weekend home on Pecan Island that she purchased in 2005 for $250,000. Recently, the ...
Post by: Augustus1 on Jan 9, 2017
Nicole has a weekend home on Pecan Island that she purchased in 2005 for $250,000. Recently, the home was appraised at $260,000. After the appraisal, a hurricane hit Pecan Island, severely damaging Nicole's home. An appraisal placed the value of the home at $140,000 after the hurricane. Because of its prohibitive cost, Nicole had no hurricane insurance. Before any reductions or limitations, Nicole's casualty loss amount is
A) $0.
B) $10,000.
C) $120,000.
D) $140,000.


Title: Re: Nicole has a weekend home on Pecan Island that she purchased in 2005 for $250,000. Recently, the ...
Post by: MsLippy on Jan 9, 2017
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Title: Re: Nicole has a weekend home on Pecan Island that she purchased in 2005 for $250,000. Recently, the ...
Post by: Augustus1 on Mar 19, 2017
Your explanation helped, amazing amazing!