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Which THREE of the following statements concerning the accounting treatment of research and development expenditure are true, according to IAS 38 Intangible assets? A. In deciding whether development expenditure qualifies to be recognised as an asset, it is necessary to consider whether there will be adequate finance available to complete the project. B. Development expenditure recognised as an asset must be amortised over a period not exceeding five years. C. If certain criteria are met, research expenditure may be recognised as an asset. D. Research expenditure, other than capital expenditure on research facilities, should be recognised as an expense as incurred. E. The financial statements should disclose the total amount of research and development expenditure recognised as an expense during the period. |