Equipment costing $276000 was destroyed when it caught on fire. At the date of the fire, the accumulated depreciation on the ey e s Insurance check for $303000 was received based on the replacement cost of the equipment. The entry to record the insurance proceeds and the disposition of the equipment will include a O gain on disposal of $27000. O gain on disposal of $140000 O credit to the Equipment account of $163000 O credit to the accumulated Depreciation account for $113000