The Write Down of Inventories to Net Realisable Value in a Prior

Multiple Choice

The write down of inventories to net realisable value in a prior period:

A) can be reversed in a later period with no upper limit from a previous write down.
B) cannot be reversed in a later period..
C) can be reversed in a later period but only to the upper limit of the original write down.
D) can be reversed in a later period so long as the value is recovered within 2 years of the original write down.