$4$

Exercise $8-17($Algo$)$ Disposal of assets LO P$2$

$1\mathrm{.}5$ points

Diaz Company owns a machine that cost $$125,700$ and has accumulated depreciation of $$91,800.$ Prepare the entry to record the disposal of the machine on January $1$ in each separate situation.

The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return.

Diaz sold the machine for $$17,400$ cash.

Diaz sold the machine for $$33,900$ cash.

Diaz sold the machine for $$40,100$ cash.

Answer is not complete.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$January $01,$Accumulated depreciation$-$Machine,,$],[,,$Loss on disposal of machine,,$],[,,$Machine,,$],[,,,,]]$