1.2 According to the IASB's Conceptual Framework, which ONE of the following is stated as an underlying assumption for financial reporting? A. Neutrality B. Accruals C. Going concern D. Relevance (2 marks) 1.3 ABC has a piece of equipment that was classified as held for sale at 31 December 20X1. The equipment is carried at $4500 and its fair value is $4000. $250 is the estimated disposal cost. According to IFRS 5, which ONE of the following should be the asset value in the statement of financial position as at 31 December 20X1? A. $1,875 B. $3,750 C. $4,000 D. $4,500 (2 marks)