A company had a computer destroyed by fire. The computer originally cost $65,000, and accumulated amortization on the date of the fire was $30,000. The company received $40,000 from an insurance policy that covered the computer and will use that money to

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  A company had a computer destroyed by fire. The computer originally cost $65,000, and accumulated amortization on the date of the fire was $30,000. The company received $40,000 from an insurance policy that covered the computer and will use that money to
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