Rome Ltd. has a 20% equity interest in Venice Co., an associate it accounts for by applying the equity method. The carrying amount of Rome Ltd.'s investment in Venice Co. is 500,000 before its annual reporting. For the year ended 31 December 20X2, Venice Co. had profit of 200,000. Venice Co. also made a distribution of 10,000 to Rome Ltd. in 20X2. What should the carrying amount of Rome Ltd.'s investment in Venice Co. be at 31 December 20X2