Troy Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1 the division's assets with a book value of $1260000 are sold for $840000. Operating income from January 1 to June 30 for the division amounted to $130000. Ignoring income taxes what total amount should be reported on Troy's income statement for the current year under the caption Discontinued Operations?

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The Answer of Troy Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1 the division's assets with a book value of $1260000 are sold for $840000. Operating income from January 1 to June 30 for the division amounted to $130000. Ignoring income taxes what total amount should be reported on Troy's income statement for the current year under the caption Discontinued Operations?

Troy Inc Decided on January 1 to Discontinue Its Telescope Manufacturing