Disposal of assets Dammam Company owns a milling machine that cost $125,200 and has accumulated depreciation of $94,300. 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. Dammam disposed of the machine, receiving nothing in retur. 2. Dammam sold the machine for $16,100 cash. 3. Dammam sold the machine for $30,900 cash. 4. Dammam sold the machine for $41,400 cash. View transaction list Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits Debit Credit General Journal Date Jan 03