On November 1, 2016, Campbell Corporation management decided to discontinue operation of its Rocketeer Division and approved a formal plan to dispose of the division. Campbell is a successful corporation with earnings of $188 million or more before tax for each of the past five years. The Rocketeer Division, a major part of Campbells operations, is being discontinued because it has not contributed to this profitable performance. The divisions main assets are the land, building, and equipment used to manufacture engine components. The land, building, and equipment had a net book value of $53 million on November 1, 2016. Campbells management has entered into negotiations for a cash sale of the division for $45 million (net of costs to sell). The sale date and final disposal date of the division is expected to be July 1, 2017. Campbell Corporation has a fiscal year ending May 31. The results of operations for the Rocketeer Division for the 201617 fiscal year and the estimated results for June 2017 are presented below. The before-tax losses after October 31, 2016, are calculated without depreciation on the building and equipment.

Period		Before-Tax Loss
	June 1, 2016, to October 31, 2016		$(3,125,000	)
	November 1, 2016, to May 31, 2017		(2,000,000	)
	June 1 to 30, 2017 (estimated)		(375,000	)

The Rocketeer Division will be accounted for as a discontinued operation on Campbells financial statements for the year ended May 31, 2017. Campbells tax rate is 25% on operating income and all gains and losses. Campbell prepares financial statements in accordance with IFRS.

Indicate how the Rocketeer Divisions assets would be reported on Campbell Corporations balance sheet as at May 31, 2017.

The Rocketeer Division's assets should be identified on Campbell Corporation's balance sheet as of May 31, 2017 as _________ and carried at _____________________ .