At the beginning of 2016, Metatec Inc. acquired Ellison Technology Corporation for $700 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired:

Plant and equipment (depreciable assets)	$	160	million
Patent		50	million
Goodwill		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	$	90	million
Fair value		70	million
Patent:
Undiscounted sum of future cash flows	$	21	million
Fair value		14	million
Goodwill:
Fair value of Ellison Technology Corporation	$	560	million
Fair value of Ellison's net assets (excluding goodwill)		490	million
Book value of Ellison's net assets (including goodwill)		570	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

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		million
Patent		million

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		million
Patent		million
Goodwill		million