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? Debit - Building $100,000 Debit - Loss $180,000 Credit - Gain $470,000 Credit - Building $650,000 Question 16 5 pts Stenson Company purchased an asset for $30,000. It cost $1,500 in freight costs to get it to their loading dock. They also had $2,000 in installation costs. Salvage value is estimated to be $3,000 and the useful life is 10 years. What is net book value at the end of 3 years (using straight-line depreciation method)? 04250