Under U.S.GAAP,an asset that was written down can later be written back up to its original carrying value if its value recovers to previous levels.

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Under U.S. GAAP, once an asset is written down, it cannot be written back up in value in subsequent periods, even if its fair value recovers. This is in contrast to IFRS, which does allow for reversals of impairment losses under certain conditions.

Under USGAAP,an Asset That Was Written Down Can Later Be Written