The following is net asset information for the Dhillon Division of Klaus Inc.:

NET ASSETS as at December 31, 2020 (in millions)
		Book Value			Fair Value Excluding Goodwill
Cash		$ 59			$ 59
Accounts receivable		216			216
Property, plant, and equipment (net)		2,615			2,813
Goodwill		219
Less: Notes payable		(2,636	)		(2,636	)
Net assets		$ 473

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 would 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 $414 million.
2.	Future value in use is approximately $468 million.
3.	Sale of the unit would yield $343 million and selling costs would total $6 million.

Under ASPE, determine if there is any impairment and prepare any necessary entry on December 31, 2020. (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 0 for the amounts. Enter amounts in millions.)

On December 31, 2021, it is estimated that the reporting units fair value has increased to $414 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 0 for the amounts. Enter amounts in millions.)

Under IFRS, determine if there is any impairment and prepare any necessary entry on December 31, 2020. (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 0 for the amounts. Enter amounts in millions.)

On December 31, 2021, it is estimated that the cash-generating units fair value has increased to $414 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 0 for the amounts. Enter amounts in millions.)