In general, contract costs incurred in relation to a contract with a customer must be: Question 10 Not yet answered Marked out of 1.00 P Flag question O a. Recognized as an asset if they are not expected to be recovered O b. Recognized as an asset If they relate to a performance obligation which has been satisfied O c. Recognized as an expense when incurred O d. Recognized as an asset if they relate to a performance obligation which has not yet been satisfied