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.

Answer rating: 100% (QA)

To determine the book value of the divisions assets on December 31 2021 we need to consider the give... View the full answer