The abrasives group of Chemical Products Inc. (CPI) has been suffering a decline in its business, due to new product introductions by competitors. At 31 December 20X5, the assets of the abrasives cash-generating unit are shown as follows (in millions) on the companys SFP:

	Cost			Accumulated Depreciation					Net Book Value
Equipment (10-year life)	$	2,100			$	1,050				$	1,050
Fixtures (10-year life)		910				240					670
Patent rights (40-year life)		600				310					290
	$	3,610			$	1,600				$	2,010

An impairment test indicates that the recoverable amount of the abrasives cash-generating units assets is $1,510 million. The assets are not separablethey must be operated or sold together as a group. No individual asset has a determinable individual fair value less cost to sell. Required: 1. Prepare an adjusting journal entry to record the impairment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.)

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.)