On january 1 2013 horton inc sells a machine for 22300 the

Reference no: EM13572691

On January 1, 2013, Horton Inc. sells a machine for $22,300. The machine was originally purchased on January 1, 2011 for $43,500. The machine was estimated to have a useful life of 5 years and no residual value. Horton uses straight-line depreciation. Make the journal entry to record this transaction.

Reference no: EM13572691

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