At the beginning of 2016, Metatec Inc. acquired Ellison Technology Corporation for $640 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired:

Plant and equipment (depreciable assets) $154 million Patent Goodwill 44 million 110 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is amortized using the straight-line method At the end of 2018, a change in business climate indicated to management that the assets of Ellison might be impaired. The following amounts have been determined Plant and equipment: Undiscounted sum of future cash flows Fair value $ 84 million 64 million Patent: Undiscounted sum of future cash flows 20 million 13 million Fair value Fair value of Ellison Technology Corporation Book value of Ellison's net assets (including goodwill) Goodwi11: $494 million Fair value of Ellison's net assets (excluding goodwill) 430 million 510 million* After first recording any impairment 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 Complete this question by entering your answers in the tabs below. Required 1 Required 4 Compute the book value of the plant and equipment and patent at the end of 2018. (Enter your answers in millions. Round your final answers to nearest whole dollar.) Book Value Plant and equipment Patent million million Required Required 4 Determine the amount of any impairment loss to be recorded, if any, for the three assets. (Enter your answers in millions Round your final answers to nearest whole dollar) Impairment Loss Plant and equipment Patent Goodwill million million million