8 At the beginning of 2016, Metatec Inc scquired Ellison Technology Corporation far $500 million. In adkdition to cnsh, receivables, and inventory, the following assets and their foir values were also eoquirect points Plant and equipment (depreciable 14illion assets) Patent Goodwill 30 million 120 illion The plant and equipment are depreciated over a 10-year useful life on a stroight-line basis. There is no estimated residunl value. The potent is estimated to have a 5-yeer useful life, no resilual value, and is amortized using the straight-line method At the end of 2018, a change in business climate indicated to manegernent thet the nssets of Ellison might be impaired. The following amounts hove been determinecdt Plant and equpsent: Undiscounted sum of future cash flows Fair value $ 70 million Se million Patent: Undiscounted sum of future cash flows Fair value % 19m 11 ion 12 million Goodwill Fair value of Ellison Technology Corporation$340 million Fair value of Ellison's net assets (excluding goodil 1 Book value of Ellison's net assets (including goodwill) 290 million 370 million After first recording any impaiment losses on plant and equipment and the patent Required: 1 Compute the book value of the plant and equipment and patent at the end of 2018 4. Determine the amount of any impairment loss to be recorded, if any, for the three assets. 3 Answer is not complete. Compiete this question by entering your answers in the tabs below. Required1 Required 4 Compute Uhe book value of the pient and equipment arnd patent at the end of 2018.(Enter your answers in mitions. Round your finat answers to nehrist wholt dellhe.) Ptart and iltion 12 mlion