$23.$ MARU S$.$A$.$de C$.$V$,$ a Mexican corporation that follows IFRS, has elected to use the revaluation model for its property, plant, and equipment. One of MARU's machines was purchased for $2,500,000$ Mexican pesos $($MXN$)$ at the beginning of the fiscal year ended March $31,2010.$ As of March $31,2010,$ the machine has a fair value of MXN $3,000,000.$ Should MARU show a profit for the revaluation of the machine?

A$.$ Yes.

B$.$ No$,$ because this revaluation is recorded directly in equity.

C$.$ No$,$ because value increases resulting from revaluation can never be recognized as a profit.