One of Sycamore Company's Plant Assets Is Destroyed by Fire

One of Sycamore Company's plant assets is destroyed by fire before the end of its useful life. Which one of the following independent situations results in a gain for Sycamore Company?

A) The plant asset is not insured.
B) The plant asset is insured, and the insurance settlement equals the asset's book value.
C) The plant asset is insured, and the asset's book value exceeds the insurance settlement.
D) The plant asset is insured, and the insurance settlement exceeds the asset's book value.
E) None of the above