On August 31, 2020, Gamma Corp. (Gamma) decided to sell its retail division. Upon review of the relevant facts, Gamma decided to account for this division as a discontinued operation. Gamma prepares monthly financial statements and reports its financial results in accordance with IFRS.

August 31, 2020
Carrying amount assets	$20,000,000
Carrying amount liabilities	$5,000,000
Fair value net	15,500,000
Estimated costs to sell	600,000

At what value should Gamma report this discontinued operation on its August 31, 2020 financial statements?

Question options:

A	$14,900,000
B	$15,000,000
C	$15,500,000
D	$20,000,000