Diaz Company owns a machine that cost $125,400 and has accumulated depreciation of $91,900. 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 repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $15,900 cash. 3. Diaz sold the machine for $33,500 cash. 4. Diaz sold the machine for $41,100 cash
Other questions asked by students
Q
In your discussion topic, discuss in detail how and why focus, motivation, and momentum are vital...
Psychology
Mechanical Engineering
General Management
Q
Why is it possible for human genes to be expressed in bacteria for manufacturing pharmaceutical...
Biology
Geometry
Basic Math