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Diaz Company owns a machine that cost $125,500 and has accumulated depreciation of $92,200. Prepare the entry to record the disposal of the machine on January 1in 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 $16,500 cash 3. Diaz sold the machine for $33,300 cash. 4. Diaz sold the machine for $40,400 cash View transaction list Journal entry worksheet