Loss of Assets from Fire at factory

Hi,

I have a query regarding loss of assets from fire at factory. 

Fire incident occurred causing loss of Furnace in a factory and it is almost full loss.
Insurance claim received is lesser than WDV value.
how to book insurance receipts and loss of assets in book.

For Eg:
Assets Gross Value- INR 10,00,000
Accumulated Dep-INR 3,00,000
WDV-INR 7,00,000
Insurance claim received- 200,000

Should  entry be like  following :

 

2nd- How loss of Assets from Fire will be shown in PNL? As extraordinary Item?

Please guide me.

Thanks in Advance