Kenneth Kruise purchased a personal residence for $266,000. It had a fair market value of $280,000 in the current year when it was damaged by a flood that resulted in the entire area being declared a federal disaster areA. The fair market value after the flood was $240,000 and insurance proceeds totaled $15,000. What is the net amount of casualty loss he can claim if his adjusted gross income is $120,000

$12,900

Explanation:

The computation of net amount is shown below:-

Before fire the fair market value = $280,000

Less: After fire the fair market value = $240,000

Less: Insurance Proceeds = $15,000

Less: Reduction = 100

Less: 10% of adjusted gross income = $12,000

Net Amount = $12,900

Note :- The basis is higher than the reduction in fair value, so the cost will be reduced by the insurance proceeds, $100 and 10% of gross income cause of non business loss.

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; rapid growth in buyer demand and high buyer switching cost;