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Consider the following information at the reporting date in relation to an item of Plant and equipment carried under the cost model: Cost $147 million
Consider the following information at the reporting date in relation to an item of Plant and equipment carried under the cost model:
Cost $147 million
Accumulated depreciation $40 million
Fair value $100 million
Value-in-use $121 million
State, to the nearest million dollars, the carrying amount at which the Plant and equipment would be reported.
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