Business, 15.07.2021 21:40 nadiarose6345

Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $126,000 and has accumulated depreciation of $92,000. 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 $17,300 cash. Diaz sold the machine for $34,000 cash. Diaz sold the machine for $41,100 cash.

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Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $126,000 and has accumu...

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