At the end of December a company that follows IFRS is reviewing some machinery for potential impairment. There had been a previous impairment of $10,000. You know three values relevant to this review: equipment at cost, $300,000; accumulated depreciation, $70,000; and current recoverable amount, $250,000. The journal entry to record the impairment reversal would include

a debit to Accumulated Depreciation, $20,000.

b. credit to Equipment, $40,000.

c. credit to Impairment Loss, $10,000.

d. no entry, as a negative impairment is not recognized in this situation.