Exercise 10-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $126,900 and has accumulated depreciation of $94,000, 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 $16,000 cash. 3. Diaz sold the machine for $32,900 cash. 4. Diaz sold the machine for $40,600 cash. View transaction list Journal entry worksheet