Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. diaz company owns a machine that cost $126,800 and

Diaz Company owns a machine that cost $126,800 and has accumulated depreciation of $93,600. Prepare...

50.1K

Verified Solution

Question

Accounting

Diaz Company owns a machine that cost $126,800 and has accumulated depreciation of $93,600. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $33,200 cash.
  4. Diaz sold the machine for $41,400 cash.

image

imageimageimage

Journal entry worksheet

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Anthropology: 1) If two parents are each carrying one copy of the allele for yellow eyes (Y)...

Electrical Engineering
1.2K views

-Draw Separately excited Dc Generator -Draw the graph for external Characteristic for a DC Generator. -Draw the Shunt...

Physics
1.2K views

A barefoot field-goal kicker imparts a speed of 19 m/s to a football initially at...

Basic Math
1.2K views

Set up the simplex matrix used to solve the linear programming problem Assume all variables...

Accounting
1.2K views

On Oct. 1 an entertainer signed a contract for $100,000 to perform five (5) shows...

Accounting
1.2K views

Adjustment Data for Sullivan Realty a) As of June 30, one month of prepaid...

Accounting
1.2K views

The starting salaries of new accounting graduates differ according to geographic regions of Canada. ...

Accounting
1.2K views

A 60-day note receivable dated July 11 has a maturity date of: a. September 12....

Accounting
1.2K views

Ameroon Corporation manufactures and sells electric staplers for $18 each. If 11,000 units were sold...

Accounting
1.2K views

Describe the different price strategies. Discuss when a firm would employ first, second, or third-degree...

Accounting
1.2K views

#2) The following information is for Doguod Copp, for the year ended Dec 31,2024. Dogwood...

Accounting
1.2K views

https://media.cheggcdn.com/media/3bc/3bcba46a-3f96-4d9b-a4ad-f9a611cf4e5e/phpzTkGuN.png https://media.cheggcdn.com/media/d02/d0252eff-df44-4ee9-a506-5f9a4106395e/phpxUDpOH.png https://media.cheggcdn.com/media/447/4474f53f-938d-4355-94d0-567b687e766f/phpl65Ht9.png https://media.cheggcdn.com/media/1ec/1ec5de6d-71a4-4b07-a7a9-3dcbd4c5680d/php8DaHor.png