Solved: The companys tax rate is 30 1 15000 2 10500 3 63000 4, Accounting Basics

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The companys tax rate is 30 1 15000 2 10500 3 63000 4

a. 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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Accounting Basics: The companys tax rate is 30 1 15000 2 10500 3 63000 4

Reference No:- TGS01297260

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