Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,600. Prepare the...

Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,600. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $16,500 cash. Diaz sold the machine for $36,000 cash. Diaz sold the machine for $41,700 cash. 1. Record the disposal of the machine receiving nothing in return. 2. Record the sale of the machine for $16,500 cash. 3. Record the sale of the machine for $36,000 cash. 4. Record the sale of the machine for $41,700 cash.

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ekkarill92 answered 6 months ago

Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $94,000. Prepare the...

Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $94,000. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $15,900 cash. Diaz sold the machine for $32,500 cash. Diaz sold the machine for $41,600 cash.

Diaz Company owns a milling machine that cost $125,500 and has accumulated depreciation of $93,000. Prepare...

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