The reversal of the impairment loss should be recognized immediately as an adjustment of the opening balance of retained earnings.
Any reversal of an impairment loss on a revalued asset should be treated as a revaluation increase.
The increased carrying amount of the asset due to a reversal of an impairment loss should not exceed the carrying amount that would have been determined had no impairment loss been recognized in the prior years.
The carrying amount of the asset should be increased to its new recoverable amount.