Albert Purchased a Tract of Land for $140,000 in 2016

Multiple Choice

Albert purchased a tract of land for $140,000 in 2016 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000.Highway engineers surveyed the property and indicated that he would probably get $180,000.The highway project was abandoned in 2019 and the value of the land fell to $100,000.What is the amount of loss Albert can claim in 2019?

A) $40,000
B) $60,000
C) $80,000
D) $100,000
E) None of these.