Cactus, Co. reports the following information related to a portion of their PPE on the December 31, 2018, Balance Sheet: Equipment $950,000 Accum. Depreciation $120,000 Book Value $830,000 Depreciation has been recorded based on a straight-line basis at $24,000 per year. On March 1, 2019, a flood in the plant destroyed the Equipment. Fortunately, the insurance company provided an immediate settlement of $750,000. What is the total amount of Accumulated Depreciation recognized for this asset at March 1, 2019? What is the amount of gain or loss on disposal of the Equipment that Cactus will record?