Swifty Company's delivery truck, which originally cost $83100, was destroyed by fire. At the time of the fire, the balance of the Accumulated Depreciation account amounted to $57200. The company received $47300 reimbursement from its insurance company. The gain or loss as a result of the fire was     $21400 gain.   $35800 loss.   $35800 gain.   $21400 loss.

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A: Depreciation: It is a decrease in the value of the asset due to its normal usage over a specified…

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A: The fund is often classified as engaging in an investing activity rather than a trade or company for…

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A:

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