Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,500. 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 $17,200 cash. 3. Diaz sold the machine for $36,100 cash. 4. Diaz sold the machine for $41,500 cash. View transaction list Journal entry worksheet