At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $620 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired:

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 2021, a change in business climate indicated to management that the assets of Ellison might be impaired. The following amounts have been determined:

After first recording any impairment losses on plant and equipment and the patent.

Required:

1. Help me find value of the book value of the plant and equipment and patent at the end of 2021.

4. Please help me determine the amount of any impairment loss to be recorded, if any, for the three assets. Thanks!

Plant and equipment (depreciable assets) Patent Goodwill $152 million 42 million 120 million $ 82 million 62 million Plant and equipment: Undiscounted sum of future cash flows Fair value Patent: Undiscounted sum of future cash flows Fair value Goodwill: Fair value of Ellison Technology Corporation Fair value of Ellison's net assets (excluding goodwill) Book value of Ellison's net assets (including goodwill) $ 20 million 13 million $ 472 million 410 million 490 million*