Learning examples 3: WN OUD According to IAS 38 Intangible assets, which of the following statements are correct? 1 Research expenditure should not be capitalised. 2 Intangible assets are never amortised. 3 Development expenditure must be capitalised if certain conditions are met. 1 and 3 only B 1 and 2 only 2 and 3 only D All three statements are correct