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Business, 07.11.2019 21:31 avilaaa

Wells company's delivery truck, which originally cost $70,000, was destroyed by fire. at the time of the fire, the balance of the accumulated depreciation account amounted to $47,500. the company received $40,000 reimbursement from its insurance company. thegain or loss as a result of the fire wasa. $30,000 loss. b. $17,500 loss. c. $30,000 gain. d. $17,500 gain.

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