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On September 17 2013 Z a component of the lentity according to generally accepted accounting...

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Accounting

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On September 17 2013 Z a component of the lentity according to generally accepted accounting principles. By December 31, 2013 the companys fiscal yearend the division had not yet been sold, but was being held for sale The net fair value (fair value minus costs to sell) of the division's assets at the end of the year was $11 million. The pretax operating income of the division during 2013 was S4 million Pretax income from continuin operations for the year totaled $14 million. The income tax rate is 20% Ziltech reported net income for the year of $7 2 million iltech. Inc entered into an agreement to sell one of its divisions that qualifies as Required Determine the book value of the division's assets on December 31, 2013. (Enter your answer in dollars not in millions. Omit the iS sign in yourresponse.) Book value of division's assets References

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