Question: Consider the following information at the reporting date in relation to an item of Plant and equipment carried under the revaluation model: Cost $675 million

Consider the following information at the reporting date in relation to an item of Plant and equipment carried under the revaluation model: Cost $675 million Carrying amount $492 million Fair value $509 million Value-in-use $523 million State, to the nearest million dollars, the carrying amount at which the Plant and equipment would be reported.

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