BA's property, plant and equipment is reported at cost. The Group has a policy of not revaluing property, plant and equipment. Suppose BA decided to revalue its equipment on March 31, 2009 and that the fair value of the equipment on that date was $280 million. Prepare the journal entry to record the revaluation assuming that the journal entry to record annual depreciation had already been recorded. (Hint: you will need to locate the original cost and accumulated depreciation of the equipment at the end of the year in the appropriate disclosure note.)