Mega Inc.’s manufacturing division lost $100,000 (net of tax) for the year ended December 31, 2020, and Mega estimates that it can sell the division at a loss of $200,000 (net of tax). The division qualifies for treatment as a discontinued operation. 

(a) Explain how the discontinued operation would be measured and presented on the income statement and statement of financial position under ASPE. 

(b) Explain how your answer to part (a) would be different if Mega prepared financial statements in accordance with IFRS.