A truck costing $110,000 was destroyed when its engine caught fire. At the date of the fire, the accumulated depreciation on the truck was $50,000. An insurance check for $125,000 was received based on the replacement cost of the truck. The entry to record the insurance proceeds and the disposition of the truck will include a x Gain on Disposal of $15,000. X credit to the Truck account of $60,000. x credit to the Accumulated Depreciation account for $50,000 Gain on Disposal of $65,000