Exercise 10-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $126,000 and has accumulated depreciation of $93,000. Prepare the entry to record the disposal of the machine on January 1 in each separate 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 $16,700 cash. 3. Diaz sold the machine for $33,000 cash. 4. Diaz sold the machine for $41,500 cash. View transaction list Journal entry worksheet < 1 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date General Journal Debit Credit