Cassie owns equipment ($45,000 basis and $30,000 FMV) and a building ($152,000 basis and 5) $158,000 FMV), which are used in Cassie's business. Both assets were acquired two years ago. Theequipment and the building are destroyed in a fire, and Cassie collects insurance proceeds equal tothe assets' FMV. The tax result to Cassie for this transaction is a
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