Equipment costing $b0000 was destroyed when it caught on fire. At the date of the fire, the accumulated depreciation on the equipment was $100000. An insurance check for $300000 was received based on the replacement cost of the equipment. The entry to record the insurance proceeds and the disposition of the equipment will include a O credit to the Equipment account of $160000. O credit to the Accumulated Depreciation accou eunt for $100000. gain on disposal of $140000. gain on disposal of $40000. Click if you would like to Show Work for this question: Open Show Work OOO