Rushia Company has a non-trading investment in the 10%, 10-year bonds of Pear Company. The investments carrying value is $3,200,000 at December 31, 2017. On January 9, 2018, Rushia learns that Pear Company has lost its primary manufacturing facility in an uninsured fire. As a result, Rushia determines that the investment is impaired and now has a fair value of $2,300,000. In June, 2019, Pear Company has succeeded in rebuilding its manufacturing facility, and its prospects have improved as a result.

If Rushia Company determines that the fair value of the investment is now $2,900,000 and is using IFRS for its external financial reporting, which of the following is true?