On December $31,2020,$Albert Corporation,owned a piece of Equipment with a carrying amount of $$400,0000,$which the firm wrote down to its $$350,000$ fair value. The original cost of the equipment was $$800,000$ and impairment losses of $$100,000$ were already included in the $$400,000$ carrying amount. As at December $31,2021,$ Albert determined the equipment's fair value had risen to $$420,000.$ Albert has no plans to dispose of the equipment.Given this information,which of the following statements is accurate? Albert uses IFRS. A$)$ The carrying amount of the equipment should not change except for the depreciation taken in $2021.$ B$)$The equipment should reflect the new cost basis of $$370,000.$ C$)$ The equipment should reflect the new cost basis of $$420,000.$ D$)$ The equipment should reflect the new cost basis of $$400,000$