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Diaz Company owns a machine that cost $126.700 and has accumulated depreciation of $91,600. Prepare...

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Accounting

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Diaz Company owns a machine that cost $126.700 and has accumulated depreciation of $91,600. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repaining. Diaz disposed of the machine, receiving nothing in retumn. 2. Diaz sold the machine for $17000 cash 3. Diaz sold the machine for $35,100cash 4 . Diaz sold the machine for $41,700 cash. Journal entry worksheet Record the disposal of the machine receiving nothing in return. Hoke: Enter debits belore credits

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