Cherry Blossom Corp. (Cherry) received a grant from the federal government under a program designed to encourage the use of organic fertilizers on crops, and compensate for the additional costs in doing so. The program is meant to cover costs over a five-year period, and companies are eligible to receive it in the fifth year. Cherry entered the program in 2016 and incurred $10,000 in additional costs per year for 2016 to 2020. At the end of 2020, it was determined that Cherry had met all of the requirements and received a $50,000 grant to cover its costs for participating under the program. Which of the following is the best description of how to account for the grant received in 2020, assuming that Cherry reports under ASPE?

Question options:

A	The grant should be recognized in income evenly over the next five years.
B	The entire grant should be recognized in 2020.
C	The previous statements should be restated to recognize the grant evenly in each year from 2016 to 2020.
D	The grant must be netted against 2020 organic fertilizer costs, and the remaining grant money should be deferred to future years.