iaz Company owns a milling machine that cost $125,400 and hasaccumulated depreciation of $93,000. Prepare the entry to recordthe disposal of the milling machine on January 3 under each of thefollowing independent situations.
- The machine needed extensive repairs, and it was not worthrepairing. Diaz disposed of the machine, receiving nothing inreturn.
- Diaz sold the machine for $17,300 cash.
- Diaz sold the machine for $32,400 cash.
- Diaz sold the machine for $40,400 cash
