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Check my work 4 Diaz Company owns a machine that cost $250,000 and has accumulated...

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Accounting

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Check my work 4 Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation 10 point 1. The machine needed extensive repales and was not worth repairing. Dlaz disposed of the machine, receiving nothing in return 2. Diaz sold the machine for $35,000 cash. 3. Diaz sold the machine for $68,000 cash. 4. Dlaz sold the machine for $80,000 cash View reaction to Wow Journal entry workahout Credit rences No 1 Date Jan 01 General Journal Accumulated depreciation Machine Debit 182000 Jan 01 Cash Acumulated depreciation Machine Accumulated amortization 35.000 182.000

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