$($Reversal of impairment$)$

As at $31$ December $2014,$ Lionel King Manufacturing Limited $($LKM$)$ recognized an impairment loss of $$400,000$ on its delivery trucks with a cost of $$1$ million and an accumulated depreciation of $$200,000$ up to that date.

The original estimated useful lives of the trucks were $10$ years and no revision on the useful lives was made at the end of $2014.$ Straight$-$line depreciation basis was adopted.

As at $31$ December $2016,$ LKM forecasted that the cash inflows from the delivery trucks would increase significantly. The value in use of the trucks would be $$700,000$ at that date.

Determine whether a reversal of impairment loss can be recognized, and the amount of reversal.