Capnix University sold 3 of its campuses for $2,500,000, recognizing a gain on disposal of $600,000. These 3 campuses represented the entire east...

Capnix University sold 3 of its campuses for $2,500,000, recognizing a gain on disposal of $600,000. These 3 campuses represented the entire east coast division. How should Capnix University report this gain?

• A
•  : 
•  as an other revenue on the income statement 
• B
•  : 
•  as an unrealized gain on the income statement 
• C
•  : 
•  as a gain on disposal net of income tax on the income statement 
• D
•  : 
•  as a gain from discontinued operation net of income tax on the income statement