Diaz Company owns a machine that cost $125,200 and has accumulated depreciation of $94,600 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, recelving nothing in return 2. Dlaz sold the machine for $16,000 cash. 3. Diaz sold the machine for $30,600 cash. 4. Dlaz sold the machine for $40,100 cash. Journal entry worksheet Record the disposal of the machine receiving nothing in retum. hote Eater debits belote ctedits