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what is the entry which is incorrect? Exerclse 8-17 (Static) Dlsposal of assets LO P2 Dioz Company owns o mochine that cost $250,000 and hos
what is the entry which is incorrect?
Exerclse 8-17 (Static) Dlsposal of assets LO P2 Dioz Company owns o mochine that cost $250,000 and hos accumulated depreciotion of $182,000. Prepare the enty to record the disposol of the mochine on Jonuary 1 in eoch seporote situotion. 1. The mochine needed extensive repsirs and wos not worth repoiring. Dioz disposed of the mochine, receiving nothing in rerurn. 2 Dioz sold the mochine for $35,000cosh. 3. Diaz sold the mochine for $68,000cosh. 4. Dioz sold the mochine for 580.000 cosh Step by Step Solution
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