An inventory item has a book value of 12; the net realisable value (NRV) amounts to 14. The firm will increase the book value of the inventory item to 14 if:

Select one:

a. the firm considers the NRV a better measurement approach.

b. the firm previously wrote down the inventory item by at least 2.

c. the firm previously reversed a write-down of the inventory item of 2.

d. the NRV corresponds to the fair value based on level 1 inputs.