17. Under IAS 2, what adjustment needs to be made after an inventory write-down if the selling price subsequently increases? * (2 Points) No adjustment is necessary. Once inventory is written down, it cannot be increased under IASB standards. It should be sold at the replacement cost. The inventory write-down should be reversed to bring it in line with the new net realizable value. Recovery of inventory loss should be debited to reflect the increase in inventory value