7)

Operating loss for the year: 8,000,000

Loss on disposal of some assets: 500,000
Total pretax loss from discontinued operations in 2023:
8,000,000 + 500,000 = 8,500,000

8)
Income/Loss from operations (Jan 1 - Apr 30):
Revenue: 1,500,000
Expenses: 2,000,000
Loss from operations: 500,000

Income/Loss from operations (May 1 - Dec 31):

Revenue: 700,000
Expenses: 900,000
Loss from operations: 200,000

Impairment Loss:
Carrying amount: 2,000,000
Fair value less cost to sell: 1,800,000
Impairment Loss: 200,000

Employee severance and relocation costs:

100,000

Total Loss from Discontinued Operations:

Loss (Jan-Apr): 500,000
Loss (May-Dec): 200,000
Impairment loss: 200,000
Employee costs: 100,000
Total: 1,000,000

Tax Benefit
Tax rate: 30%
Tax benefit on loss: 1,000,000 * 30% = 300,000

Net Loss from Discontinued Operations

Total loss: 1,000,000
Less: Tax benefit: 300,000
Net loss: 700,000