1. According to HKFRS 5, which statement(s) is/are correct?

   1. Where fair value less costs to sell is lower than carrying amount, the item is written down and the write-down is treated as an impairment loss.
   2. If a non-current asset is measured using a revaluation model and it meets the criteria to be classified as being held for sale, it should be revalued to fair value immediately before it is classified as held for sale. It is then revalued again at the lower of the carrying amount and the fair value less costs to sell. The difference is the selling costs and these should be charged against profits in the period.
   3. When a disposal group is being written down to fair value less costs to sell, the impairment loss reduces the carrying amount of assets in the order prescribed by HKAS 36.
   4. A gain can be recognised for any subsequent increase in fair value less costs to sell, but not in excess of the cumulative impairment loss that has already been recognised, either when the assets were written down to fair value less costs to sell or previously under HKAS 36.
   5. An asset held for sale is not depreciated, even if it is still being used by the entity.

   	1.	1, 2, 4, and 5.
   	2.	All of them.
   	3.	1, 2, 3, and 4.
   	4.	1, 4 and 5.
   	5.	1, 3 and 4.