1. InfraBuild acquired a production plant costing $1,000,000, with an estimated residual value of $70,000 and an estimated life of seven years. The company uses the units-of-production depreciation method. Given market shifts, the net cash inflows are estimated to be $270,000 on 30 September 20X3, $230,000 on 30 September 20X4, and $220,000 on 30 September 20X5. The values of $1 at the end of each year are 0.90 for year 1, 0.84 for year 2, and 0.79 for year 3. Calculate the carrying amounts of InfraBuild’s plant after applying impairment losses and prepare an analysis of the impact on the company’s financial statements.