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On September 1 7 , 2 0 2 1 , Ziltech, Inc, entered into an agreement to sell one of its divisions that qualifies as

On September 17,2021, 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 31,2021, the company's fiscal year-end, the division had not yet been soid, 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 $12 million. The pretax income from operations of the division during 2021 was $2 million. Pretax income from continuing operations for the year totaled $15 milion. The irscome tax rate 1525%. Ziltech reported net income for the year of $8.4 million.
Required:
Determine the book value of the division's assets on December 31,2021.(Enter your answer in whole dollars not in million5.)
Book value of division's assets
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