ABC Company discontinued operations in 20Y2. During the year, the company had a pre-tax operating loss of
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ABC Company discontinued operations in 20Y2. During the year, the company had a pre-tax operating loss of $10,000. They sold the component during 20Y2 for $100,000. The component had a historical cost of $200,000 and accumulated depreciation of $125,000. Determine the total income or loss on discontinued operations for 20Y2.
The company's tax rate is 30%.
1. $15,000
2. $10,500
3. $63,000
4. $17,500
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2 10500 Pretax operating loss 10000 Book value of the equipment His...View the full answer
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Related Book For 
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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