0 (a). (c) and (d) 3.A company has spent $100,000 developing a software product, which is obsolete (useless) before it reaches the market. As per IAS 38, How to recognize the expenses incurred by the company in the financial statement? * (2 points) it will not appear in Income statement as well as balance sheet O show the amount in the Notes forming part of Financial Statement $100,000 is treated as Intangible Asset in the Balance Sheet O $100,000 is Treated as expense in the Income Statement