The division's book value and fair value less cost to sell on December 31 were $3,000,000 and $3,500,000, respectively. What before-tax amount(s) should Mercedes report as loss on discontinued operations in its 2009 income statement?
A)$2,000,000 loss.
B)$2,500,000 loss.
C)None.
D)$500,000 gain included in continuing operations and a $2,000,000 loss from discontinued operations.$2,000,000 loss from operations only.There is no impairment loss.

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The Answer of The division's book value and fair value less cost to sell on December 31 were $3,000,000 and $3,500,000, respectively. What before-tax amount(s) should Mercedes report as loss on discontinued operations in its 2009 income statement?
A)$2,000,000 loss.
B)$2,500,000 loss.
C)None.
D)$500,000 gain included in continuing operations and a $2,000,000 loss from discontinued operations.$2,000,000 loss from operations only.There is no impairment loss.

The Division's Book Value and Fair Value Less Cost to Sell