ConstructIt purchased a production plant for £950,000 with an estimated residual value of £60,000 and an estimated life of six years. The company applies the straight-line depreciation method. The expected net cash inflows are £250,000 on 31 December 20X3, £200,000 on 31 December 20X4, and £190,000 on 31 December 20X5. The values of £1 at the end of each year are 0.91 for year 1, 0.84 for year 2, and 0.77 for year 3. Calculate the carrying amounts of ConstructIt’s plant after applying impairment losses and prepare a detailed analysis of the financial implications.