At December 31, 2020, the assets of Black Companys cash-generating unit (CGU) that include goodwill are shown below (in millions) on the companys statement of financial position:

($ in millions)	Cost	Accumulated Depreciation	Net Book Value
Goodwill	$2,000	$ 0	$2,000
Equipment	15,000	5,000	10,000
Land	8,000	0	8,000
Building	33,000	11,000	22,000
Total	$58,000	$16,000	$42,000

An impairment test indicates that the fair value less costs to sell of the CGUs assets is $38,000 million and its value in use is $36,500 million. The assets are not separablethey must be operated or sold together as a group. Assume that Black uses IFRS.

Required:

Determine if the CGU is impaired and prepare the adjusting entry to record the impairment ( if any). Round the amounts to the nearest million $.

Adjusting entry to record impairment (if needed)

	Debit	Credit