The standards relating to the treatment of transaction costs differ under ASPE and IFRS. Which of the following statements best describe the difference? 1) ASPE requires that all transaction costs are expensed. 2) ASPE requires that transaction costs are expensed whenever cost-based measures are used. 3) ASPE requires that transaction costs are capitalized, except for those investments that are accounted for under the fair value through net income model. 4) IFRS requires that all transaction costs are capitalized. IFRS requires that transaction costs are capitalized except for those 5) investments that are accounted for under the fair value through net income model