let’s say we have a function $$ f(x)=\frac{2x^2-5x+2}{x^2-4} $$ finding the ratio of the leading terms gives you $2x^2/x^2=2$, so we have a horizontal asymptote at $y = 2$. If you factor out the denominator and numerator, you get $$ f(x) = \frac{(2x-1)(x-2)}{(x-2)(x+2)} $$ Vertical asymptote at $x = -2$, hole at $x=2$.
Simplifying gives you $(2x-1)/(x+2)$. If we want to find the intersection of a function to the horizontal asymptote, we set it equal to the asymptote $y = 2$.
If you use the main function: $$ \frac{2x^2-5x+2}{x^2-4}=2 \Longrightarrow 2x^2-5x+2=2(x^2-4)\Longrightarrow 2x^2-5x+2 =2x^2-8, $$ simplifying and solving for x gives $x=2$. So an intersection at $x=2$.
If you use the simplified version of the function: $$ \frac{2x-1}{x+2} = 2\Longrightarrow 2x-1=2(x+2)\Longrightarrow 2x-1=2x+4\Longrightarrow -1=4, $$ that is an invalid statement, meaning that you do not get an intersection.
Which one is correct???