Marin inc. decided on january 1 to discontinue its telescope manufacturing division. on july 1, the division’s assets with a book value of $1285000 are sold for $925000. operating income from january 1 to june 30 for the division amounted to $214000. ignoring income taxes, what total amount should be reported on marin’s income statement for the current year under the caption, discontinued operations?

$214000
$146000 loss
$574000
$36 loss

$146000 loss

Explanation:

Discontinued operation: represent the result of the lines or business activitied that have been closed thus, will no longer generate cash flow for the company.

In this case we got two result from the discontinued operation:

the operating income from the period and the disposal of the assets related to this activity.

loss at disposal:

925,000 - 1,285,000 = (360,000)

operating gain                 214,000

Total loss:                        146,000

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

answerjointly by the fed and by the behavior of individuals who hold money and of banks in which money is held;