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I'm in accounting 1 and have emailed my teacher and classmates and can't get any answer back on this could someone please help me. Exercise

I'm in accounting 1 and have emailed my teacher and classmates and can't get any answer back on this could someone please help me. Exercise 10-16 Disposal of assets LO P2

Diaz Company owns a milling machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations.

1. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return.

2. Diaz sold the machine for $35,000 cash. 3. Diaz sold the machine for $68,000 cash. 4. Diaz sold the machine for $80,000 cash.

Answer is not complete.

1Jan 03Accumulated depreciationMilling machineselected answer correct

182,000selected answer correct

not attempted

2Jan 03 Cash selected answer correct

35,000selected answer correct

not attempted

Accumulated depreciationMilling machineselected answer correct

182,000selected answer correct

not attempted

Loss on sale of milling machineselected answer correct

not attempted

not attempted

Milling machineselected answer correct

not attempted

250,000selected answer correct

3Jan 03Cashselected answer correct

68,000selected answer correct

not attempted

Accumulated depreciationMilling machineselected answer correct

182,000selected answer correct

not attempted

4Jan 03Cashselected answer correct

80,000selected answer correct

not attempted

Accumulated depreciationMilling machineselected answer correct

182,000

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