Question: Consider the following information at the reporting date in relation to an item of Plant and equipment carried under the revaluation model: Cost $687 million

Consider the following information at the reporting date in relation to an item of Plant and equipment carried under the revaluation model:

Cost $687 million

Carrying amount $489 million

Fair value $513 million

Value-in-use $521 million

State, to the nearest million dollars, the carrying amount at which the Plant and equipment would be reported.

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