Business
Business, 01.12.2021 22:20, issagirl05

A company had a tractor destroyed by fire. The tractor originally cost $140,000 with accumulated depreciation of $73,500. The proceeds from the insurance company were $97,500. The company should recognize:A.) A loss of $66,500.B.) A gain of $97,500.C.) A gain of $66,500.D.) A gain of $31,000.E.) A loss of $31,000.

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A company had a tractor destroyed by fire. The tractor originally cost $140,000 with accumulated dep...

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