A company had a bulldozer destroyed by fire. The bulldozer originally cost $131,000. The accumulated...
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Accounting
A company had a bulldozer destroyed by fire. The bulldozer originally cost $131,000. The accumulated depreciation on it was $63,000. The proceeds from the insurance company were $93,000. The company should recognize:
a.A gain of $68,000.
b.A gain of $93,000.
c.A loss of $25,000.
d.A gain of $25,000.
e.A loss of $68,000.
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