(Solved): Diaz Company owns a machine that cost $126,300 and has accumulated depreciation of $93,800. Prepare ...

Diaz Company owns a machine that cost $\$126,300$ and has accumulated depreciation of $\$93,800$. 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 $\$17,400$ cash. 3. Diaz sold the machine for $\$32,500$ cash. 4. Diaz sold the machine for $\$41,400$ cash.