Answer:
loss from discontinued operation 450,000
Explanation:
when selling assets above the book value we have a gain:
1,200,000 - 1,000,000 = 200,000
For the gain on assets above book value we must pay taxes.
200,000 x (1-0.25) = 150,000
the income from discontinued operation plus this gain generated a component of 300,000 loss
150,000 gain on sale + income from discontinued = -300,000
discontinued result: -300,000 + -150,000 = -450,000
