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sdsusan
Newbie
Newbie

Joined: 05 Jan 2009
Location: United States
Online Status: Offline
Posts: 16

Posted: 09 Feb 2009 at 19:25 \| IP Logged

Is recovery for inventory impairment allowed? I got different answers from different books. Anybody know it?

divyagovil1
Major Contributor

Joined: 30 Jan 2009
Location: India
Online Status: Offline
Posts: 1456

Posted: 09 Feb 2009 at 21:21 \| IP Logged

To the best of my knowledge, under US GAAP, reversal of any write-down inventory is prohibited.

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