Exercise 8-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $126,000 and has accumulated depreciation of $91,500. 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. Dlaz sold the machine for $16,300 cash 3. Diaz sold the machine for $34,500 cash. 4. Diaz sold the machine for $40,700 cash View transaction list Journal entry worksheet 1 2 3 4 Record the disposal of the machine receiving nothing in return, Mener det be credits General Journal Debit Credit Dale Jan 01