Multiple Choice Question 156 A machine costing $174400 was destroyed when it caught fire. At the date of the fire, the accumulated depreciation on the machine was $84000. An insurance check for $215400 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 O gain on disposal of $125000 O gain on disposal of $4100o. O credit to the Equipment account for $131400. O credit to the Accumulated Depreciation account for $84000