Question 6 (1 point) Which of the following methods is used to account for the extraction of mineral resources? Straight-line reserve depreciation Declining balance Depletion Diminishment Question 7 (1 point) Which of the following is INCORRECT regarding differences between IFRS and ASPE? Comprehensive income is not recognized under ASPE. Both IFRS and ASPE require presentation of both basic and diluted EPS. IFRS requires that held-for-sale assets be reclassified as current assets. Both IFRS and ASPE mandate a list of required items that must be presented