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) $ 2,150 $ 1,220 $ 930 Fixtures (10-year life) 1,270 280 990 Patent rights (40-year life) 840 360 480 $ 4,260 $ 1,860 $ 2,400 An impairment test indicates that the recoverable amount of the abrasives cash-generating units assets is $1,900 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 disposal. 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.)