INTERMEDIATE ACCOUNTING (T ACCT 301/302/303) 819,300 are as follows for 2012, 2013, and 2014 but failed to deduct the salvage value in computing the depreciation base. held as a part of its portfolio resulted in a loss of $57,600 (pretax). S. The 6. The at a loss of $115,400 before taxes. Assume that this transaction meets the criteria for discontinued operations. on prior years is to increase The FIFO method has been used for 2014. The tax rate on these items is 40%. Brisky C WeyPLUS PLUS Kleso, Intermediate Accounting, 1Se INTERMEDIATE ACCOUNT udy & Practice Gradebek ORION Downloadable eTextbook en Assignment SCREEN MAHER INC Income Statement (Partial) For the Year Ended December 31, 2014 tudy ou ps 1 FS F7 F10