Computer purchased this year stolen, how should it be posted.

We purchased a MacBook Pro this year and three months later it was stolen. We are still working through insurance as it was not the only item stolen. I am wondering how to record this.

The computer would normally be an asset that depreciates, but it quickly became a complete loss. Am I able to claim the full value of the computer as an expense and then when we have the insurance settlement, which will be significantly less than the theft value due to the deductible, we will claim as income. Or do I need to go through posting it as an asset, and then delete the full value of the asset as a loss, and how does that relate to the fact that the item has not depreciated.

Thanks,

Mary