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Horizon Co. owns equipment that cost $138,750, with accumulated depreciation of $81,000. Horizon sells the equipment for cash. Record the sale of equipment assuming Horizon

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Horizon Co. owns equipment that cost $138,750, with accumulated depreciation of $81,000. Horizon sells the equipment for cash. Record the sale of equipment assuming Horizon sells the equipment for: 1. $63,000 cash 2. $57,750 cash, and 3. 46,500 cash

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