The next fair value of the division assets at year end was $11 million. Pretax...
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Accounting
The next fair value of the division assets at year end was $11 million. Pretax income from operations of the division during 2021 was $4 million. Pretax income from continuing operations for the year totaled $14 million income tax rate is 25% Ziltech reported net income for the year $7.2 million.
Determine the book value of the division's assets on December 31, 2021.
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