The abrasives group of Chemical Products Inc. (CP) has been suffering a decline in its business, due to new product introductions by abresives cash-genereting unit are shown as follows 0n millions) on the company's SFP competitors At 31 December 20X5, the essets of the Fixtures (10-year life) Patent rights (40-year life) $800 370 240 $410 110 150 $390 260 90 $1,410$670 $740 ment test indicates that the recoverable amount of the abrasives cash-generating unit's assets is $640 million. The assets are not separable-they must be operated or sold together as o group. No indlividual asset has a determinable individusl fair value less cost to sell Required: answers in milsions.) an adjusting journal entry to record the impairment.(If no entry is required for a transactionvevent, select "No journal entry required" in the first account field. Enter your View transaction list Journal entry worksheet Record the impairment. Note: Enter debits before credits. General Journal Debit Credit ransaction Impairment loss-Abrasives group Accumulated amortization Patent rights Accumulated depreciation-Equipment Accumulated depreciation- Fixtures Record entry Clear entry View general journal 2. What would be the net book value of the assets after one year if no impairment was recorded? Assume that straight-line depreciation is used. (Enter your answer in millions.)