Corp., which began operations in January 2020 follows IFRS and uses the straight-line depreciation method for all capital assets. At December 31, 2023, it was discovered that property purchased December 31, 2020, for $185,000 was charged to the repairs and maintenance expense account instead of to Buildings. The building will have a useful life of 25 years, at which point the company should be able to realize at least $50,000 from its sale. At December 31, 2025, before recording annual depreciation management realized that the building will now likely have a total useful life of 30 years and then sold for $35,000. Required 1) Identify the accounting treatment that should be applied to each of the above two accounting changes 2) Prepare the December 31, 2023 and December 31, 2025 entries that are necessary to make the accounting changes and get the books up to date