b) Find tax expense and net income

c) For Case C, expected income from operations from 1/1/2014 to 4/1/2014 was actually $2,040 and actual loss on the disposal of fixed assets was $6,070. Follow same steps in a and b

On September 1, 2013 the management ofLoos Moos Dairy has asked you to analyze several groups of assets for impairment. The carrying value of the net assets as of fiscal y 1231/2013 is listed below. Disposal of these asset groups is expected to be completed by 4/1/2014. Each of the following cases should be considered in endently. Assume the tax rate is 30%. Expected income oss) from Income oss) from operations of Expected gain Camying value of operations of segment net assets (oss on disposal segment net assets from 1/1 2014 to of segment net asset group at YE 1231/2013 for 2013 4/1/2014 assets on 4/1/20 14 Case A 44,000 $13,000 (9,500) Case B Case D Required a For each case, above, complete the following schedule as the basis for valuing each asset group in the financial statements for the year ending 1231 2013. Future cash Fair value of Amount of flows from Is asset group asset group at YE 12131/2013 asset gro impaired? impairment loss Case A Case B Case C Case D