Unique Gifts, Inc., a retailer of specialty items, was especially proud of its original handmade product lines. One product had a tradename with a book value of $290,000. On December 31, 20X5, the tradename was determined to have an impairment loss, thus reducing its value to $200,000. In 20X8, Unique Gifts, Inc. determined the fair value of the tradename had gone back up to $290,000. How much should Unique Gifts, Inc. report the tradename on its 20X8 Balance Sheet?

A $90,000

B $290,000

C $200,000

D None of the above