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Business, 18.09.2019 21:00 laylay120

In 2017, desert, co. discontinued its book division, but the disposal did not take place until 2018. in 2017, the book division had a pretax operating income of $210,000. the book division had a historical cost of $3,800,000 and accumulated depreciation of $2,100,000. at the end of 2017, the fair value of the book division was $1,580,000 with an estimated cost of disposal of $500,000. in 2018, the book division had a pretax operating income of $170,000. the sales price of the book division was $1,480,000, but desert had to pay $258,000 cost to sell the book division. income tax expense for the year has yet to be accrued. desert’s income tax rate is 35% on all items. using this information, calculate desert's income from operations for 2018.

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In 2017, desert, co. discontinued its book division, but the disposal did not take place until 2018....
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