Exercise 8-16 Disposal of assets LO P2

Diaz Company owns a milling machine that cost $126,900 and has accumulated depreciation of $91,600. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations.

The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return.

Diaz sold the machine for $17,400 cash.

Diaz sold the machine for $35,300 cash.

Diaz sold the machine for $40,700 cash.

Ch 08 Ex 8-16 Help Save&Exit Submt Check my work Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a milling machine that cost $126,900 and has accumulated depreciation of $91,600. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. points 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 $17,400 cash 3. Diaz sold the machine for $35,300 cash 4. Diaz sold the machine for $40,700 cash. Print Journal entry worksheet Record the disposal of the machine receiving nothing in return. Prgy 10, 1 Next 30 Ch 08 Ex 8-16 Help Save& Exit Submit Check my work Journal entry worksheet points Record the disposal of the machine recelving nothing in return. Note: Enter debits before Print on disposal of miling machine Clear entry View general journal Record entry 1of1 1 Next Journal entry worksheet 23 Record the sale of the machine for $17,400 Note: Enter 20 Ch 00 Ex 8-1 eC https,/inewconnect.mheducat Ch 08 Ex 8-16 6 Help Save & ExitSubmit Journal entry worksheet points Record the sale of the machine for $35,300 cash. eBlook Note: Enter debits before credits Record entry 30 Help Seve & Exit Journal entry worksheet Record the sale of the machine for $40,700 cash Note: Enter debits before credis Record entry Clear entry View general journal Prey 1of1 Next 2 3 4 5 6