A firm following IFRS reports its inventory with the carrying value of $450,000. If the net realizable value of inventory is $500,000, then the amount of the gain/loss on write-down of inventory is closest to: a) $0. b) a $50,000 loss. a c) a $50,000 gain a Question 24 (1 point) If the freight costs on the purchase of inventory were capitalized rather than expensed, what is the impact on the debt to total assets ratio? a) It will increase b) It will decrease c) It will not change