Exercise 10-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $125,200 and has accumulated depreciation of $90,600. 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 $15,800cash. 3. Diaz sold the machine for $34,600 cash. 4. Diaz sold the machine for $40,200 cash. Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Record the sale of the machine for $15,800 cash. Note: Enter debits before credits. Record the sale of the machine for $34,600 cash. Note: Enter debits before credits. Record the sale of the machine for $40,200 cash. Note: Enter debits before credits