Albert Purchased a Tract of Land for $140,000 in 2009

Multiple Choice

Albert purchased a tract of land for $140,000 in 2009 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 2012 and the value of the land fell to $100,000.What is the amount of loss Albert can claim in 2012?

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