How do IFRS and U.S. GAAP differ in their approach to allowing reversals of inventory write-downs?

Multiple Choice

• IFRS requires the reversal of write-downs from cost to net realization value (NRV) when the selling price increases. U.S. GAAP prohibits the reversal of past write-downs.
• If they had not been previously recorded as separate assets by the acquired company, they should always be recorded as "Goodwill" on the balance sheet of the company acquiring them.
• The cost of the intangibles should be expensed by the acquiring company on the merger date.
• They should be recorded as separate intangible assets only if their useful life is indefinite.