_____ 10.The loss on the total destruction of business property is always its adjusted basis regardless of fair market value.

Name: _____ 10.The loss on the total destruction of business property is always its adjusted basis regardless of fair market value.
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The loss on total destruction of business property is calculated as its adjusted basis, which is the original cost minus depreciation, and is not affected by the fair market value of the property.

_____ 10The Loss on the Total Destruction of Business Property Is