According to IAS 38 Intangible

According to IAS 38 Intangible assets, which of the following statements about research anddevelopment expenditure are correct? 1 Research expenditure, other than capital expenditure on research facilities, should be recognised as an expense as incurred. 2 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. 3 Development expenditure recognised as an asset must be amortised over a period not exceeding five years.
A、1, 2 and 3
B、1 and 2 only
C、1 and 3 only
D、2 and 3 only