[Anonymous]

Hey everybody,

Could somebody briefly explain how to treat Loss from discontinued operations if there are an impairment loss? so say there is an operating loss for the entire year 1 (10000) and impairment loss (CV:80000 and FV:50000) in Year 1, and in Year 2 there is loss on disposal (sold for 20000).

In year 1, you would take the operating loss of 10000, and the impairment loss of 30000 and record the total loss of 40000. Right?
and then In year 2 would you record the loss of the difference between the 30000 and 20000, so 10000?

I’m reviewing this part and confused if anybody could help me, thank you!