Diaz Company owns a machine that cost $125,400 and has accumulated depreciation of $92,300. Prepare the entry to record the disposal of the machine on January 1 in each separate 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 $17,200 cash. 3. Diaz sold the machine for $33,100 cash. 4. Diaz sold the machine for $40,100 cash.
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Diaz Company owns a machine that cost $125,400 and has accumulated depreciation of $92,300. Prepare...
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