Teal mountain inc. decided on january 1 to discontinue its telescope manufacturing division. on july 1, the division’s assets with a book value of $1281000 are sold for $921000. operating income from january 1 to june 30 for the division amounted to $21. ignoring income taxes, what total amount should be reported on teal mountain’s income statement for the current year under the caption, discontinued operations?

$150,000 loss

Explanation:

The computation of the discontinued operation is shown below:

= operating income - loss on the sale of an asset

= $210,000 - $360,000

= $150,000 loss

where,  

The Book value of asset - sale value of asset denotes the loss on the sale of the assets

In mathematically,  

loss on the sale of assets = Book value of an asset - sale value of the asset  

                                    = $1,281,000 - $921,000

                                    = $360,000 loss

answer; /// the correct answer is (10) days; /// good luck

answer'; i believe the correct answer is (15,000) workers a year are treated for injuries caused by jacks, lifts or jack stands;