On January 1, 2015, Rabbit Corp. acquired machinery that it depreciated using the straight-line method with an estimated useful life of 15 years and no residual value. On January 1, 2020, Rabbit estimated that the remaining life of this machinery was six years with no residual value. This change should be accounted for as a prior period adjustment. as the cumulative effect of a change in accounting principle in 2020. by setting future annual depreciation equal to one-sixth of the book value o by continuing to depreciate the machinery over the original 15-year life. One of Spade Corp's assets was expropriated by government authorities. The following additional information is available: Book value at the time of expropriation Cash received $600,000 $1,500,000 Under ASPE, this situation would be reflected in the company's financial statements as a $900,000 gain that would be included in other comprehensive income. gain that would be included in net income. e gain from discontinued operations. gain that would appear on the statement of shareholders' equity. Under current IFRS requirements, a provision is recognized if it relates to a lawsuit commenced after the statement of financial position date, the outcome of which can be reliably measured. the amount of the loss cannot be measured reliably but it is probable that an asset has been impaired or a liability incurred as of the financial statement date. the amount of the loss can be reliably measured and it is probable that an asset has been impaired or a liability incurred as of the financial statement date. it relates to an asset recognized as impaired after the statement of financial position date