The following information relates to individual equipment items of entity H at a balance sheet date: 

1. Items 2 and 3 are carried at revalued amounts, and the cumulative revaluation surpluses included in equity for the items are EUR 12,000 and EUR 6,000 respectively. Both items are manufacturing equipment. 

2. Item 5 is a bus used for transporting employees in the mornings and evenings. It is not possible to determine the value in use of the bus separately because the bus does not generate cash inflows from continuing use that are independent of the cash flows from other assets.

Illustrate the major issues relating to the possible impairment of the five items. 

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Item 1 Item 2 (note 1) Item 3 (note 1) Item 4 Item 5 (note 2) Carrying amount 119,000 237,000 115,000 83,000 31,000 Fair value less costs to sell 121,000 207,000 117,000 75,000 26,000 Value in use 114,000 205,000 123,000 79,000