Which of the following statements is correct? ASPE treats major overhauls that allow the continued use of an asset, as replacements; IFRS usually treats them as expenses. Both IFRS and ASPE treat major overhauls that allow the imontinued use of an asset, as replacements. IFRS treats major overhauls that allow the continued use of an asset, as replacements; ASPE usually treats them as expenses. Both IFRS and ASPE treat major overhauls that allow the continued use of an asset, as expenses