Homework Answers
Ans A - 16.5M
Income from sell of ASSETS = 80M
Less Book value of Asset. = (48M)
Profit on sale of Asset = 32M
Less Operating loss. = (10M)
NET Profit before Tax =22M
Less:- Tax @25%. =(5.5M)
NET Income from
discontinue operations. = 16.5M
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