Horton invests personally owned equipment, which originally cost $110,000 and has accumulated depreciation of $30,000 in the Horton and Matile partnership. Both partners agree that the fair value of the equipment was $60,000. The entry made by the partnership to record Horton's investment should be: A. Equipment 110,000 Accumulated Depreciation—Equipment 30,000 Horton, Capital 80,000
B. Equipment 80,000 Horton, Capital 80,000
C. Equipment 60,000 Loss on Purchase of Equipment 20,000 Accumulated Depreciation—Equipment 30,000 Horton, Capital 110,000
D. Equipment 60,000 Horton, Capital 60,000

D. Equipment 60,000 Horton, Capital 60,000

Explanation:

The journal entry to record the horton investment is shown below;

Equipment   $60,000

      To Horton, Capital   $60,000

(Being the horton investment is recorded)

Here the equipment is debited as it increased the assets and credited the horton capital as it also increased the stockholder equity

Therefore the option d is correct

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;