Check my work On January 2, 2018, Bering Co. disposes of a machine costing $32,600 with accumulated depreciation of $17.561. Prepare the entries to record the disposal under each of the following separate assumptions. 3. The machine is traded in for a newer machine having a $49,100 cash price. A $11,643 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. -36 View transaction list Journal entry worksheet k