I found my stolen iphone 5 but it's water damaged and basically a brick what can I do with it?

I found my stolen iphone 5 but it's water damaged and basically a brick what can I do with it?

Added (1). Tried rice no dice totally dead and I'm already receiving my new phone from the insurance

Bin it

Take it skeet shooting.

Put it in a plastic Ziploc bag filled with dry rice for a day or two. The rice will absorb the moisture and it may come back to life.

If it is broke then say please and if that doesn't work buy a new one

If your contract is up then I would just trade it in and upgrade, you will get something back for it even if damaged.