1. ConstrucCorp acquired a production plant for £800,000 with an estimated residual value of £50,000 and an estimated useful life of five years. The company applies the straight-line depreciation method. The company now anticipates the following net cash inflows: £230,000 on 31 December 20X3, £180,000 on 31 December 20X4, and £170,000 on 31 December 20X5. The values of £1 at the end of each year are 0.91 for year 1, 0.83 for year 2, and 0.75 for year 3. Calculate the carrying amounts of ConstrucCorp’s plant after applying impairment losses and prepare an equity statement reflecting these changes.