First, I am dazed & confused, so forgive me for asking.

Schedule C business has 1 piece of equipment lost in a fire.Adjusted basis 15360     FMV before fire  40000      FMV after fire  7500 

Decrease in value 32500       Amt of Loss  15360

Insurance reimbursement 31500   Gain is 16140.

Yes it was replaced before the end of the year. 

Question is in Pro Series is the order of entry begin with 4684 or on the Depreciation entry page?

I have gone in circles on this 

Has been suggested I enter as disposition on Schedule C depreciation entry page and set new equipment up for depreciation. Would result be the same on the return?

After 30 yrs this one is causing me problems. Really any help with this will be greatly appreciated.