A machine costing $172600 was destroyed when it caught fire. At the date of the fire, the accumulated depreciation on the machine was $83000. An insurance check for $214900 was received based on the replacement cost of the machine. The entry to record the insurance proceeds and the disposition of the machine will include a credit to the Equipment account for $131900. gain on disposal of $125300. gain on disposal of $42300. credit to the Accumulated Depreciation account for $83000