Piaz Company owns a machine that cost $126,500 and has accumulated depreciation of $93,800. Prepare...
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Piaz Company owns a machine that cost $126,500 and has accumulated depreciation of $93,800. Prepare the entry to record the Isposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, recelving nothing in return. 2. Dlaz sold the machine for $16,000 cash. 3. Diaz sold the machine for $32,700 cash. 4. Diaz sold the machine for $41,100 cash. Answer is complete but not entirely correct
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Piaz Company owns a machine that cost $126,500 and has accumulated depreciation of $93,800. Prepare the entry to record the Isposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, recelving nothing in return. 2. Dlaz sold the machine for $16,000 cash. 3. Diaz sold the machine for $32,700 cash. 4. Diaz sold the machine for $41,100 cash. Answer is complete but not entirely correct 