How much will be reported as a loss from ordinary activities of the discontinued segment during 2009 if the tax rate is 30%? On June 1, 2009, Star Company approved a plan to dispose of a business segment. It is expected that the sale will occur on April 30, 2010. On December 31, 2009, the carrying value of the net assets of the segment was P4,000,000 and the net recoverable amount was P3,600,000. During 2009, the company paid employees severance and relocation costs of P200,000 as a direct result of the discontinued operation. The revenues and expenses of the discontinuing segment during 2009 were: Revenues Expenses June 1 to December 31 : 4,400,000 - 5,800,000.