Exercise 8-16 Disposal of assets LO P2 Dis Company ownsamling machine that cost $125,900 and has accumulated depreciation of $93.600. Prepare the entry to record the sposal of the miling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs, and it was not worth repairing Disz osposed of the machine, receiving nothing in return 2. Dis sold the machine for $15700 cash 3. Dis sold the machine for $32.300 cash. 4. Dissold the machine for $41700 casn. Journal entry worksheet