Question: Diaz Company owns a machine that cost $ 1 2 5 , 6 0 0 and has accumulated depreciation of $ 9 3 , 7

Diaz Company owns a machine that cost $125,600 and has accumulated depreciation of $93,700. Prepare the entry to record the disposal of the machine on January 1 in each separate situation.
The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return.
Diaz sold the machine for $15,800 cash.
Diaz sold the machine for $31,900 cash.
Diaz sold the machine for $41,900 cash.

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