【单选题】According to the definition provided in IAS 38 Intangibles, activities undertaken in the ‘research’ phase of the generation of an asset may include:
A.
the application of knowledge to a design for the production of new materials
B.
original and planned investigation with the prospect of gaining new scientific knowledge
C.
the use of research findings to create a substantially improved product
D.
using knowledge to materially improve a manufacturing device.
【多选题】According to IAS 38 Intangible assets, which of the following statements about research and development expenditure are correct?
A.
Research expenditure should be recognised as an expense as incurred.
B.
Capitalised expenditure should be recognised as an asset as incurred.
C.
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.
D.
Development expenditure recognised as an asset must be amortised when it meet the capitalisation criteria.
E.
Development expenditure recognised as an asset must be amortised over a period not exceeding five years.