This question is vaguely a follow up to this one and this one.
If I have a completely flat surface with a radio transmitter with 500 W ($\approx$ 57 dBm) of power, broadcasting on a frequency such that groundwave propagation isn't terribly relevant, how can I use an inverse square law to estimate the power of the transmission at certain distances? My initial thought is this:
Assume that 1 m away from the transmitter, the signal is basically undiminished.
Apply inverse square law to get the power at, say, 10 km.
\begin{align} \frac{I_1}{I_2} &= \frac{d_2^2}{d_1^2} \\ \\ \frac{500\ W}{I_2} &= \frac{10 000^2 \ m^2}{1^2 \ m^2} \\ \\ I_2 &= 5\times 10^{-6} \ W \\ \\ &\approx -23 \ \text{dBm} \end{align}
Am I barking up the wrong tree, or is this close to the correct approach?
(I know this sounds like a homework question, but I promise it's not; just a question from someone with an embarrassingly small amount of knowledge of physics!)