A truck costing $$114000$ was destroyed when its engine caught fire. At the date of the fire, the accumulated

depreciation on the truck was $$55000.$ An insurance check for $$129000$ was received based on the replacement cost

the truck. The entry to record the insurance proceeds and the disposition of the truck will include a

credit to the Truck account of $$59000.$

credit to the Accumulated Depreciation account for $$55000.$

Gain on Disposal of $$70000.$

Gain on Disposal of $$15000.$