This year, Amy purchased $1,900 of equipment for use in her business. However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business. Note that because Amy did not place the equipment into service during the year, she does not claim any depreciation or cost recovery expense for the equipment. Problem 9-57 Part-a (Algo) a. After the accident, Amy had the choice of repairing the equipment for $2,260 or selling the equipment to a junk shop for $620. Amy sold the equipment. What amount can Amy deduct for the loss of the equipment

Answer is in the photo. I can't attach it here, but I uploaded it to a file hosting. link below! Good Luck!

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For the complete destruction of a business asset, Amy can claim a casualty loss deduction for the tax basis of the machine less any recovery.  Hence, Amy can claim a casualty deduction for $1,700 ($2,000-$300)b.

For partial destruction of a business asset, Amy can claim a casualty loss deduction for the lesser of the economic loss (the cost of repair) or the tax basis of the machine.  In this case, Amy can deduct $800

Bugatti Chiron Super Sport 300+

The SSC Tuatara is technically the leader, with a 316-mph average over two runs, but controversy surrounds that attempt. The one vehicle we know for certain has cracked 300 mph and is unquestionably the reigning fastest car in the world is the Bugatti Chiron Super Sport 300+, which hit 304 mph.