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Required: 1. Compute the book value of the plant and equipment and patent at the end of 2024 . 2. When should the plant and
Required: 1. Compute the book value of the plant and equipment and patent at the end of 2024 . 2. When should the plant and equipment and the patent be tested for impairment? 3. When should goodwill be tested for impairment? 4. Determine the amount of any impairment loss to be recorded, if any, for the three assets. Complete this question by entering your answers in the tabs below. Compute the book value of the plant and equipment and patent at the end 2024. Note: Enter your answers in millions rounded to 1 decimal place. For example, $5,500,000 should be entered as $5.5. Required: 1. Compute the book value of the plant and equipment and patent at the end of 2024 . 2. When should the plant and equipment and the patent be tested for impairment? 3. When should goodwill be tested for impairment? 4. Determine the amount of any impairment loss to be recorded, if any, for the three assets. Complete this question by entering your answers in the tabs below. Determine the amount of any impairment loss to be recorded, if any, for the three assets. Note: Enter your answers in millions rounded to 1 decimal place. For example, $5,500,000 should be entered as $5.5
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