1. TechnoBuild acquired a production plant at a cost of $900,000 with an estimated residual value of $60,000 and an estimated life of six years. The company uses the straight-line depreciation method. Due to market conditions, TechnoBuild estimates the following net cash inflows from operating the plant: $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 0.92 for year 1, 0.85 for year 2, and 0.78 for year 3. Calculate the carrying amounts of TechnoBuild’s plant after applying impairment losses. Additionally, prepare a balance sheet extract to show the impact on the company's financial position.