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 Disposal of assets LO P2 Diaz Company owns a machine that cost $125,800 and has accumulated depreciation of $90,800

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 Disposal of assets LO P2 Diaz Company owns a machine that cost $125,800 and has accumulated depreciation of $90,800. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation, 1. The machine needed extensive repairs and was not worth repairing Diaz disposed of the machine, receiving nothing in return 2. Diaz sold the machine for $17,500 cash. 3. Diaz sold the machine for $35.000 cash. 4. Diaz sold the machine for $41,100 cash. View transaction list
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