Exercise 10-16 Disposal of assets LO P2 Dlaz Comp the disposal of the milling machine on January 3 under each of the following Independent situations. pany owns a milling machine that cost $125.200 and has accumulated depreciation of $91.200. Prepare the entry to record 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 $16,100 cash. 3. Diaz sold the machine for $34,000 cash. 4. Diaz sold the machine for $41,000 cash. View transaction list Journal entry worksheet 2 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits, Debit Credit General Journal Date 04 3