Sat December 02, 20EU (in millions) Fair Value Excluding Book Value Goodwill Cash $51 $51 Accounts receivable 217 217 Property, plant, and equipment (net) 2.610 2,831 Goodwill 217 Less: Notes payable (2.636) (2,636 ) Net assets $459 The purpose of the Dhillon Division (also identified as a reporting unit or cash-generating unit) is to develop a nuclear-powered aircraft. If successful, travelling delays that are associated with refuelling could be greatly reduced, and operational efficiency woul increase significantly. To date, management has not had much success and is deciding whether a writedown is appropriate at this time. Management has prepared the following estimates for the reporting unit or cash-generating unit: 1. Undiscounted future net cash flows are approximately $417 million. 2. Future value in use is approximately $453 million. 3. Sale of the unit would yield $352 million and selling costs would total $6 million. On December 31, 2021, it is estimated that the reporting unit's fair value has increased to $417 million. Under ASPE, prepare the journal entry, if any, to record the increase in fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Enter amounts in millions.) Date Dec. 31, 2021 Account Titles and Explanation Debit Credit IFRS, determine if there is any impairment and prepare any necessary entry on December 31, 2020. (Credit account titles are natically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles nter O for the amounts. Enter amounts in millions.) Sate Account Titles and Explanation ec. 31, 2020 Loss on Impairment Accumulated Impairment Losses - Goodwill Debit D Credit On December 31, 2021, it is estimated that the cash-generating unit's fair value has increased to $417 million. Under IFRS, prepare the journal entry, if any, to record the increase in fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. Enter amounts in millions.) Date Dec. 31, 2021 Account Titles and Explanation Debit Credit