Question: Show all your work On April 1, 2004 Riverside Construction Company, (RCC) received a condemnation award of $590,000 cash as compensation for the forced sale

Show all your work Show all your work On April 1, 2004 Riverside Construction Company, (RCC)

On April 1, 2004 Riverside Construction Company, (RCC) received a condemnation award of $590,000 cash as compensation for the forced sale of land and building that stood in the path of a new highway. the original cost of land and building were $60,000 and $400,000, respectively. The company recognized a gain of $250,000 on disposal of plant and assets. The accumulated depreciation related to the building $160,000 $120,000 Can not be determined from information given None of the above

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