Inventory That Originally Cost $10,000 Was Written Down to Its

Multiple Choice

Inventory that originally cost $10,000 was written down to its net realizable value of $8,500 at the end of 2014.At the end of 2015, the net realizable value is determined to be $10,500.At what amount should the inventory be reported on the December 31, 2015 statement of financial position?

A) $10,500
B) $10,000
C) $9,500
D) $8,500