Multiple Choice
A company had a bulldozer destroyed by fire.The bulldozer originally cost $125,000.The accumulated depreciation on it was $60,000.The proceeds from the insurance company were $90,000.The company should recognize:
A) A loss of $25,000.
B) A gain of $25,000.
C) A loss of $65,000.
D) A gain of $65,000.
E) A gain of $90,000.
Correct Answer:
Verified
Correct Answer:
Verified
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