Question: Amachine costing $176600 was destroyed when it caught fire. At the date of the fee the accumulated depreciation on the machine was $81500. An insurance

Amachine costing $176600 was destroyed when it caught fire. At the date of the fee the accumulated depreciation on the machine was $81500. An insurance check for $219900 was received based insurance proceeds and the dispution of the machine will include credit to the Equipment account for $138400 ainon disposto 43300 credit to the accumulated Depreciation account for $81500 gain on disposal 124800

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