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Diaz Company owns a milling machine that cost$125,600 and has accumulated depreciation of $ 94,900.prepare the entry to record the disposal of the milling machine
Diaz Company owns a milling machine that cost$125,600 and has accumulated depreciation of $ 94,900.prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations.
1.The machine needed extensive repairs, and it was not worth repairing.Diaz disposed of the machine,receiving nothing in return.
2.Diaz sold the machine for $16,900 cash
3.Diaz sold the machine for $ 30,700 cash
4.Diaz sold the machine for $ 41,700 cash
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