This preview shows page 1. Sign up to view the full content.
Unformatted text preview: *1-tax rate of 40% = 60% Pretax income of division $4,000,000 Add: Loss from discontinued operations 2,000,000 Impairment loss $6,000,000 Fair value of divisions assets $11,000,000 Add: Impairment loss 6,000,000 Book value of divisions assets $17,000,000...
View Full Document
This note was uploaded on 01/08/2011 for the course -2 20101 taught by Professor Georgesanchez during the Spring '10 term at USC.
- Spring '10