Question 1: During 2021, the iPod department earned sales revenues of $100,000, services revenues of...
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Accounting
Question : During the iPod department earned sales revenues of $ services revenues of $ and had associated expenses of $ As at December the iPod department sold all of its assets for $ These assets updated balance sheet values are noted in the table below. Determine the income or loss from discontinued operations, the gain or loss from disposal of the iPod assets and the net income from discontinued operations.
Inventoryreplacement parts $
iPod manufacturing machines
Accumulated Depreciation Computer A
Diagnostic and repair tools
Accumulated Depreciation Diagnostic and repair tools
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