Which statement is true in accordance with IAS 2? Any previous write down of inventories to net realisable value cannot be reversed. A previous write down of inventories to net realisable value is reversed if the net realisable value subsequently increases. The amount of reversal is limited to the amount of the original write down. A previous write down of inventories to net realisable value can be reversed only if the net realisable value subsequently increases above the original cost.