+ File Edit View History Bookmarks Window Help APUS CLE: ACCT301 x McGraw-Hill Educatio x Chapter 4 Homework X https://ezto.mheducation.com/hm.tpx Gmail value 20.00 points Exercise 4-9 Discontinued operations, disposal in subsequent year; solving for unknown [LO4-4] On September 17, 2016, Ziltech, Inc. entered into an agreement to sell one of its divisions that qualifies as a component of the entity according to generally accepted accounting principles. By December 31, 2016, the company's fiscal year-end, the division had not yet been sold, but was considered 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 $18 million. The pretax income from operations of the division during 2016 was $3 million. Pretax income from continuing operations for the year totaled $21 million. The income tax rate is 40%. Ziltech repotted net income for the year of $8.1 million Required: Determine the book value of the division's assets on December 31, 2016. (Enter your answer in whole dollars.) Book value of division's assets $ 17,000,000 Hints References eBook & Resources Hint #1 Ask your instructor a question Check my work