Exercise 8-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $126,300 and has accumulated depreciation of $92,700. 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, recelving nothing in return. 2. Diaz sold thelmachine for $16,800 cash. 3. Diaz sold the machine for $33,600cash. 4. Diaz sold the machine for $41,100cash