A gain of $29,800.
Explanation:
The computation of the amount recognized is shown below:
Original Cost $137,000
Less: Accumulated Depreciation ($70,800)
Written down value $66,200
Less Proceeds from Insurance company ($96,000)
Gain $29,800
Therefore the gain is $29,800 and the same is to be recognized
A: bush
Step-by-step explanation: