What impact would an inventory write down have on the accounting equation? A. Increase Equity Decrease Assets B. Decrease Equity Increase Assets C. Decrese Assets Increase Liabilities D. None of the above. Which of the following cost formulas may not be used to determine the value of inventory? A. First-in-First-Out method. B. Weighted Average method. C. Specific Identification method. D. Last-In-First-Out method. E. None of the above. The cost of inventories includes the delivery cost of goods to the customer. True False Inventory is disclosed under non-current assets at its carrying amount on the face of the satement of financial position. True False