Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $125,900 and...

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Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $125,900 and has accumulated depreciation of $94,200. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $16,900 cash. 3. Diaz sold the machine for $31,700 cash. 4. Diaz sold the machine for $41,000 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. Datel Jan 011 General Journal Debit Credit Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $125,900 and has accumulated depreciation of $94,200. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $16,900 cash. 3. Diaz sold the machine for $31,700 cash. 4. Diaz sold the machine for $41,000 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. Datel Jan 011 General Journal Debit Credit