Which of the following statements is correct?

Revaluation of PPE assets is through earnings under US GAAP but through comprehensive income under IFRS. $($incorrect because revaluation of PPE is not allowed under US GAAP$)$

Reversals of inventory write$-$downs are prohibited under IFRS. $($incorrect because reversals of inventory write$-$downs are allowed under IFRS but are prohibited under US GAAP$)$

IFRS require reporting entities to review useful lives of PPE assets on a regular basis but US GAAP does not have a similar requirement.

All of the above statements are incorrect.