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Reporting Gains/Losses on Discontinued Operations (extended phase-out period For each case presented below, determine the gain or loss to be reported in each year (assume the impairment was realized at disposal; ie. there was no additional impairment): -RESULTS OF OPERATIONS IMPA IRMENT TEST DISPOSAL Year 1 Year 2 12/31/Year 1 Year 2 Measurement date Beginning of year Book Fair Value Gain/loss Value Less Costs on Disposal CASE to End of year to disposal date $1,000 (1,000) 1,000 (1,000) 1,000 (1,000) 1,000 (1,000) $750 (750) (750) 750 750 (750) (750) 750 S10,000 $11,250 8,750 8,750 11,250 8,750 10,000 11,250 11,250 8,750 $1,250 10,000 10,000 10,000 10,000 (1,250) (1.250) 1,250 (1,250) 1,250 1,250 10,000 10,000 (1,250) Amounts Reported IN: Year 1 Year 2 Case Income Impairment Income Gain/Loss 4 Reporting Gains/Losses on Discontinued Operations (extended phase-out period For each case presented below, determine the gain or loss to be reported in each year (assume the impairment was realized at disposal; ie. there was no additional impairment): -RESULTS OF OPERATIONS IMPA IRMENT TEST DISPOSAL Year 1 Year 2 12/31/Year 1 Year 2 Measurement date Beginning of year Book Fair Value Gain/loss Value Less Costs on Disposal CASE to End of year to disposal date $1,000 (1,000) 1,000 (1,000) 1,000 (1,000) 1,000 (1,000) $750 (750) (750) 750 750 (750) (750) 750 S10,000 $11,250 8,750 8,750 11,250 8,750 10,000 11,250 11,250 8,750 $1,250 10,000 10,000 10,000 10,000 (1,250) (1.250) 1,250 (1,250) 1,250 1,250 10,000 10,000 (1,250) Amounts Reported IN: Year 1 Year 2 Case Income Impairment Income Gain/Loss 4