Exercise 8-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $125,600 and has accumulated depreciation of $94,900. 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 $15,700 cash. 3. Diaz sold the machine for $30,700 cash. 4 . Diaz sold the machine for $42,000cash. Journal entry worksheet Record the sale of the machine for $15,700 cash. Note: Enter debits before credits. Journal entry worksheet 1 Record the sale of the machine for $30,700 cash. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine ffor $42,000 cash. Note: Enter debits before credits