Cornerstone Exercise 7-23 (Algorithmic) Disposal of an Operating Asset On August 30, Williams Manufacturing Company decided to sell one of its fabricating machines that was 15 years old for $3,810. The machine, which originally cost $100,000, had accumulated depreciation of $97,500. Required: Prepare the journal entry to record the disposal of the machine. If an amount box does not require an entry, leave it blank. Aug. 30 (Record disposal of equipment)