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Diaz Company owns a machine that cost $125,000 and has accumulated depreciation of $94,800. Prepare...

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Accounting

Diaz Company owns a machine that cost $125,000 and has accumulated depreciation of $94,800. 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 $16,500 cash.
Diaz sold the machine for $30,200 cash.
Diaz sold the machine for $41,700 cash.

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