ER 11 - POST-CLASS ACTIVITY O > At the beginning of 2019, Metatec Inc. acquired Elison Technology Corporation for $690 million. In addition to cash receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) Patent Goodwill $ 159 million 49 million 100 million LOR 10 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: 56 million 69 illion Plant and equipmenti Undiscounted sum of future cash flows Farval Patent Undiscounted sum of future cash flows Goodell Fair value of Ellison Technology Corporation Fair value of tllison's net assets (excluding goodwill Book value of Ellison's net assets including good 521 million 14 million $549 million 430 million 560 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 2021 4. Determine the amount of any impairment loss to be recorded, if any, for the three assets