Question 14 and 15

Question 14 5 pts Good Hearts Company donated land to a local charity. The charity plans to build an operating facility on the land. The book value of the land on Good Hearts books was $170,000 and the land was appraised at $240,000 as of the date of the donation. Which of the following will be included in the journal entry to record the donation on Good Hearts books? Debit - Loss on Disposal $70,000 / Debit - Cash $240,000 Credit - Land $240,000 OF o BE Debit - Contribution Expense . Question 15 5 pts Hamilton, Inc. owned a building that was destroyed in a fire on August 1, 2019. The building had a cost of $600,000 and accumulated depreciation of $420,000 as of the date of the fire. The company received insurance proceeds of $650,000 for the building and used that money plus additional funds to purchase another building for $700,000. Which of the following would be included in the journal entries to record the above transactions? D idiet. Question 15 OS 5 pts