Which of the following statements about research and development expenditure are correct according to IAS38
Intangible Assets?
(1) If certain conditions are met, an enterprise may decide to capitalise development expenditure.
(2) Research expenditure, other than capital expenditure on research facilities, must be written off as incurred.
(3) Capitalised development expenditure must be amortised over a period not exceeding 5 years.
(4) Capitalised development expenditure must be disclosed in the balance sheet under intangible non-current assets.
A 1, 2 and 4 only
B 1 and 3 only
C 2 and 4 only
D 3 and 4 only.

C