Inventory Written Down Under Lower-Of-Cost-Or Market May Be Written Back $\quad$

Short Answer

Inventory written down under lower-of-cost-or market may be written back up to original cost in a subsequent period under GAAP $\quad$ IFRS
a. Yes $\quad$$\quad$ No
b. Yes $\quad$$\quad$ Yes
c. No $\quad$$\quad$ No
d. No $\quad$$\quad$ Yes