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. a) The machine needed extensive repairs and was not worth repairing. b) Diaz disposed of the machine, receiving nothing in return. c) Diaz sold the machine for $35,000 cash. d) Diaz sold the machine for $68,000 cash. e) Diaz sold the machine for $80,000 cash.
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