Question: Help Save & EN Diaz Company owns a machine that cost $126,900 and has accumulated depreciation of $91,000. Prepare the entry to record the disposal
Help Save & EN Diaz Company owns a machine that cost $126,900 and has accumulated depreciation of $91,000. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $16,400 cash. 3. Diaz sold the machine for $35,900 cash. 4. Diaz sold the machine for $40,200 cash. View transaction list Journal entry worksheet > 2 Record the disposal of the machine receiving nothing in return. Debit Note: Enter debits before credits General Journal Date Jan 01 Clear andry Next > Record entry 3 of 4
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