In 2017,the Jurics' Pleasure Boat Was Severely Damaged by a Hurricane

Multiple Choice

In 2017,the Jurics' pleasure boat was severely damaged by a hurricane in an area that was declared a federal disaster area.They had AGI of $110,000 in 2017.The following information relates to the craft: $\begin{array}{lr}\text { Cost Basis } & \$ 5,000 \\\text { FMV before casualty } & 145,000 \\\text { FMV after casualty } & 25,000\end{array}$ The Jurics had insurance and received an $80,000 insurance settlement.
What is the allowable casualty loss deduction for the Jurics in 2017?

A) $50,000.
B) $15,000.
C) $3,900.
D) $3,000.