TRUE OR FALSE (with explanation)

1. If an entity's share of losses of an associate equals or exceeds its interest in the associate, the entity discontinues accounting for equity method.
2. The disappearance of an active market because the associate's equity or financial instruments are no longer publicly traded is an evidence of impairment.
3. A financial asset shall be measured at fair value through profit or loss unless it is measured at amortised cost in accordance with paragraph 4.1.2 or at fair value through other comprehensive income in accordance with paragraph 4.1.2A.
4. If a transfer does not result in derecognition because the entity has retained substantially all the risks and rewards of ownership of the transferred asset, the entity shall continue to recognise the transferred asset in its entirety.
5. An entity shall recognise a loss allowance for expected credit losses on FA-FVOCI.