Question: Consider the following information at the reporting date in relation to an item of Plant and equipment carried under the cost model: Cost $155 million

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

Cost $155 million

Accumulated depreciation $40 million

Fair value $100 million

Value-in-use $123 million

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

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