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Marcus owned a commercial dairy farm, on which stood an old unused barn. The barn was fully depreciated and had an estimated disposal cost of

Marcus owned a commercial dairy farm, on which stood an old unused barn. The barn was fully depreciated and had an estimated disposal cost of $10,000. Fortunately, a renovating company offered Marcus $25,000 for the old barn wood. That amount included deconstruction of the barn and removal of all material from the site. How should Marcus record this transaction?

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