In year 2015, Weld Company recognized an impairment loss on the trade name for its beverage product, reducing the carrying value from $485,000 to $350,000. At December 31, 2018, while preparing its financial statements, Weld Company has determined that the fair value of the trade name has risen and it is now worth $500,000. What amount will be reported for the trade name on Weld Company's December 31, 2018 balance sheet? Cannot be determined without information about the trade name's useful life. O $350,000 $485,000 $500,000