Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 8 · column 7 of 9 · from the scan, no model involved
a net loss of S100, making a total loss of $5,100 from which‘the $100 limitation is subtracted, leaving a net casualty loss of $5,000.
K’s deductible casualty loss from'the snow storm is $3,900 compute! as follows: although 'the real estate appraisal reflects a decrease iff the value of the property of $4,500, K’s loss is limited to his adjusted basis of $4,000 in 'the property, which is its original cost of $9,000 minus the prior casualty loss of $5,000. K must then subtract the $100 limitation leaving a
85.2%