At 30 June 2021 the fair value of Green Valley's vineyard is $2.25 million. At 30 June 2022 the following information is available: Fair value of vines prior to harvest at 31 March 2022 $2 400 000 Fair value of grapes harvested at 31 March 2022 $800 000 Estimated costs to sell grapes $30 000 Estimated costs to sell vines $40 000 There have been no changes in fair values between 1 April and 30 June 2022. At 30 June 2022, the vines will be recorded in Green Valley's financial statements at an amount of