1.00 points value: MC Qu.172 On January 1, 2016, Horton Inc. sells a machine On January 1, 2016, Horton Inc. sells a machine for $26,800. The machine was originally purchased on January 1, 2014 for $49,200. The machine was estimated to have a useful lfe of 5 years and a residual value of $0. Horton uses straight-line depreclation. In recording this transaction: O a gain of $2,720 would be recorded. O a loss of $22,400 would be recorded. O a loss of $2,720 would be recorded. O a gain of $26,800 would be recorded. References Multiple Choice Mc Qu172 On January 1, 2016. Horton inc. ne