.

Last year, Katt Co. reduced the carrying amoun

t of its longlived assets used in operations

from $120,000 to $100,000 in connection with its annual impairment review. During the

current year, Katt determined that the fair value of the same assets had increased to

$130,000.

What amount should Katt reco

rd as restoration of previously recognized impairment loss in

the current years financial statements?

A. $0

B. $10,000

C. $20,000

D. $30,000