Roger,an individual,owns a proprietorship called Green Thing.For the year 2011,Roger has the following items:
· Business income-$200,000.
· Business expense-$150,000.
· Loss on a completely destroyed business machine.The machine had an adjusted basis of $25,000 and a fair market value of $20,000.
· Loss on a business truck.The truck had an adjusted basis of $8,000.The repairs to fix the truck cost $10,000.

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The Answer of Roger,an individual,owns a proprietorship called Green Thing.For the year 2011,Roger has the following items:
· Business income-$200,000.
· Business expense-$150,000.
· Loss on a completely destroyed business machine.The machine had an adjusted basis of $25,000 and a fair market value of $20,000.
· Loss on a business truck.The truck had an adjusted basis of $8,000.The repairs to fix the truck cost $10,000.

Roger,an Individual,owns a Proprietorship Called Green Thing