n for $550 million. In addition to cash, recelvables, and At the beginning of 2016, Metatec Inc. acquired Ellison Technology C Inventory, the following assets and thelr falr values were also acquired Plant and equipnent (depreciable assets) Patent Goodwil1 $145 million 35 million 100 million The plant and equipment are depreclated over a 10-year useful lfe on a stralght-line basls. There Is no estimated resldual value. The patent is estimated to have a 5-year useful lfe, no residual value, and Is amortized using the straight-line method. At the end of 2018, a change In business climate Indicated to management that the assets of Ellison might be Impalred. The following amounts have been determined Plant and equipnent Undiscounted sun of future cash flows Fair value $ 75 mi1lion 55 mil1lion Patent: Undiscounted sun of future cash flows Fair value $ 28 million 12 million 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) 395 million 340 million 428 million* After first recording any Impalrment losses on plant and equipment and the patent. Required: 1. Compute the book value of the plant and equlpment and patent at the end of 2018. 4. Determine the amount of any Impalrment loss to be recorded, If any. for the three assets