Current Attempt in Progress A machine costing $170600 was destroyed when it caught fire. At the date of the fire, the accumulated depreciation on the machine was $77500. An insurance check for $203000 was received based on the replacement cost of the machine. The entry to record the insurance proceeds and the disposition of the machine will include a gain on disposal of $109900. O gain on disposal of $32400. O credit to the Equipment account for $125500. O credit to the Accumulated Depreciation account for $77500.