Which of the Following Is True Regarding the Differences Between

Multiple Choice

Which of the following is true regarding the differences between ASPE and IFRS regarding inventory valuation?

A) Both allow a reversal of write-down and writing up of inventory to its original cost after a write down because of LC&NRV rule.
B) Neither of them allows a reversal of write-down and writing up of inventory to its original cost after a write down because of LC&NRV rule.
C) Only ASPE allows a reversal of write-down and writing up of inventory to its original cost after a write down because of LC&NRV rule.
D) Only IFRS allows a reversal of write-down and writing up of inventory to its original cost after a write down because of LC&NRV rule.