Diaz Company owns a machine that cost $125,800 and has accumulated depreciation of $92,700. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $16,500 cash. 3. Diaz sold the machine for $33,100 cash. 4. Dlaz sold the machine for $41,100 cash. View transaction list Journal entry worksheet