Diaz Company owns a machine that cost $125,100 and has accumulated depreciation of $90,600. 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 $16,900 cash. 3. Diaz sold the machine for $34,500 cash. 4. Diaz sold the machine for $41,600 cash. View transaction list Journal entry worksheet < 1 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. General Journal Debit Date January 01 Credit

The following are the transactions of Morrell Corporation:   Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $4,640 and their Accumulated Depreciation was $4,640. No residual value was received. Assume the same information as (a), except that Accumulated Depreciation, updated to the date of disposal, was $3,280.   Prepare journal entries to record above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Diaz Company owns a machine that cost $125,700 and has accumulated depreciation of $93,300. 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 $15,600 cash. 3. Diaz sold the machine for $32,400 cash. 4. Diaz sold the machine for $40,900 cash. View transaction list 1 Record the disposal of the machine receiving nothing in return. 2 Record the sale of the machine for $15,600 cash. 3 Record the sale of the machine for $32,400 cash. 4 Record the sale of the machine for $40,900 cash. Note : = = journal entry has been entered Record entry Clear entry X Credit View general journal >

Henry Oldham purchased the office building in which his CPA firm was housed in 1983 . Henny purchased the building for $225,000. Henry replaced the windows in the building and restructured the lay-out of the offices in the builing. His costs were $32,000 for the improvement. Henry is retiring and has just sold the buulding lor $495,000. Heny has claimed $55,000 in depreciation. Henry will have selling costs of $5,000. What is Henn's gain on the slie?