Problem 11-12 (Updated for ASU 2017-04] Depreciation and amortization; impairment [LO11-2, 11-4, 11-8] At the beginning of 2019, Metatec Inc. acquired Elison Technology Corporation for $520 millon. In addition to cash, receivables, and inventory, thhe following assets and their fair values were also acquired Plant and equipment (depreciable assets) $142 nillion 32 million 180 million Patent 6oodwill The plant and equipment are depreciated over a 10-year useful Iife on a straight-line basis. There is no estimated residual value The patent is estimated to nave a 5-year useful ife no residual vatue, and is amortized using the straightline method. At the end af 2021, a change in business clinate ndicated to management that the assets of Ellison mighit be impaired amounts have been determined The following Plant and eguipnent Undiscounted sum of future cash fions $ 72 million 52 million Fair value Patents Undiscounted sun of futsre cash flows $ 19 ilion Fair value 12 aillion Goodwilli Fair value of tilison Technology Corgoration Fair value uf Ellison's net asseta (excluding goodui11) Book value ot Ellison's net assets (including goodwiL1) $ 362 million 310 illion 190 million After first recording any impaiment 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 Complete this question by entering your answers in the tabs below. Required 1 Required 4 Compute tha book value of the plant arnd equipment and patent at the end of 2018 Eeryout anwers in milions. Round your final answers to nearest whole doll) Book Valuo mition Plant and equipment nt mlion Reguired 4> Re