F1

The (normally) loss from discontinued operations can consist of an impairment loss, gain/loss from actual operations and a gain/loss on disposal - Not before

• 1. Management commits to a plan to sell the component
• 2. Component is available for immediate sale in its present condition
• 3. Active program to locate a buyer has been initiated
• 4. Sale of the component is probable and sale is expected to be complete within one year
• 5. Sale of the component is being actively marketed
• 6. Actions required to complete the sale make it unlikely that significant changes to the plan will be made or that the plan will be withdrawn

• 1. has been disposed of or, 
• 2. is classified as held for sale