Wise. Question 7 of 29 Question 7 6 points Save Answer On December 31, 2014, Travis Tritt Inc. has a machine with a book value of $1,373 340. The original cost and related accumulated depreciation at this date are as follows Machine $1,899,300 Less: Accumulated depreciation 525,960 $1,373,340 Book value Depreciation is computed at $87,660 per year on a straight-line basis A fire completely destroys the machine on August 31, 2015. An insurance settlement of 5628,230 was received for this casualty Assume the settlement was received immediately (If no entry is required, write "No Entry for the account titles and enter for the amounts. Make sure that depreciation entries are made to update the book value of the machine prior to its disposal T - Arial . T TT Paragraph %DOQE 3(121) - E.T. T' T, 2251 - - 0 402 PM E24 575/2020 03 TelephoneDirectory FAST-PASS Registra... W 05.05.20docx.docx Take Test: Final BOS-8X5MCV2