Chapter 11 Pre-Built Problems 13 At the beginning of 2016, Metatec Inc. acquired Ellison Technology Corporation for $530 million. In addition to cash, recelvables, and inventory, the following assets and their fair values were also acquired: 10 points 33 million Print over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is At the end of 2018, a change in business climate indicated to management that the assets of Ellison might be amounts have been determined: impaired. The folowing Undiscounted eum of future canh flovs Fair value 53 nillion Patent: $ 19million 12 million Tair value Goodwi11: 373 mi11ion Fair value of Ellison Technology Corporation Fair value of E1liaon's net assets (excluding goodwill) Book value of E11iaon'net assets ( 320 million 400 million* ng goodwill) After first recording any impairment losses on plant and equipment and the patent. 1. Compute the book value of the plant and equipment and patent at the end of 2018.