Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $93,900. 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. Dlaz sold the machine for $17,000 cash. 3. Diaz sold the machine for $32,600 cash. 4. Dlaz sold the machine for $41,900 cash. View transaction list Journal entry worksheet