A company had a bulldozer destroyed by fire. The bulldozer originally cost $132,000. The accumulated depreciation on it was $63,500. The proceeds from the insurance company were $93,500. The company should recognize: Multiple Choice O O A gain of $68,500. O O A gain of $93,500. O A gain of $25,000. O A loss of $25,000. O A loss of $68,500. On December 31, 2013, Stable Company sold a piece of equipment that was purchased on January 1, 2008. The equipment originally cost $850,000 and has an estimated useful life of eight years. Stable uses the straight-line method of depreciation. What is the gain loss on the sale of equipment that Stable will recognize if the equipment was sold for $239,000? Multiple Choice $26,500 loss O $0; no gain or loss O $239,000 gain O $132,750 gain O $26,500 gain