At the beginning of 2019, Metatec Inc. acquired Ellison Technology Corporation for $600 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) $ 150 million
Patent 40 million
Goodwill 100 million

The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is amortized using the straight-line method.

At the end of 2021, a change in business climate indicated to management that the assets of Ellison might be impaired. The following amounts have been determined:

Plant and equipment:
Undiscounted sum of future cash flows $ 80 million
Fair value 60 million
Patent:
Undiscounted sum of future cash flows $ 20 million
Fair value 13 million
Goodwill:
Fair value of Ellison Technology Corporation $ 450 million
Book value of Ellison’s net assets (excluding goodwill) 370 million
Book value of Ellison’s net assets (including goodwill) 470 million*
*After first recording any impairment 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.

i think is 3 and 6. this took me 10 min to think.hope to and hope that my answer is brainliest.(follow me )

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step-by-step explanation:

what are you trying to solve here

step-by-step explanation:

a.   we have two

lines:   y = 4-x   and  

y = 8-x^-1

given two simultaneous equations that are both to be

true, then the solution is the points where the lines cross. the intersection is

where the two equations are equal. therefore the solution that works for both

equations is when

4-x = 8-x^-1

this is where the two lines will cross and that is the

common point that satisfies both equations.

b.   4-x = 8-x^-1

  x           4-x       8-x^-1

-3           7        

8.33

-2           6         8.5

-1           5         9

  0           4        

-

  1           3        

7

  2           2        

7.5

  3           1         7.67

the table shows that none of the x values from -3 to 3 is

the solution because in no case does

4-x = 8-x^-1

to find the solution we need to rearrange the equation to

find for x:

4-x = 8-x^-1

multiply both sides with x:

4x-x^2 = 8x-1

x^2+4x-1=0

x= -4.236, 0.236

therefore there are two points that satisfies the

equation.

find y:  

x=-4.236

y = 4-x   = 4 – (-4.236)

= 8.236

y = 8-x^-1 =   .236)^-1

= 8.236

x=0.236

  y = 4-x   = 4 – (0.236) = 3.764

y = 8-x^-1 =   8-(0.236)^-1

= 3.764

thus the two lines cross at 2 points:

(-4.236, 8.236) & (0.236, 3.764)

c.   to solve

graphically the equation 4-x = 8-x^-1

we would graph both lines: y = 4-x   and   y

= 8-x^-1

the point on the graph where the lines cross is the

solution to the system of equations.

just graph the points on part b on a cartesian coordinate

system and extend the two lines.   the

solution is, as stated, the point where the two lines cross on the graph.

step-by-step explanation:

mark brainliest!