A manufacturing firm shuts down production at one of its plants and offers the facility for rent.Based on the market for similar properties, the firm determines that the fair value of the plant is €500,000 more than its original cost.If this firm uses the cost model for plant and equipment and the fair value model for investment property, should it recognize a gain on its income statement under IFRS? A.Yes, because the plant will be reclassified as investment property. B.No, because the increase in value does not reverse a previously recognized loss. C.No, because the firm must continue to use the cost model for valuation of this asset.