lo VOCO H11 X Y Z Gel RESEARCH TAL Pharmaceutical Solutions Ltd (PSL) is a pharmaceutical company. The company has spent millions of dollars researching the Covid-19 virus, with the aim of developing a vaccine. To date their research has failed, they have not been successful in creating a formula for a vaccine, and it is believed that no use can be made of the research information gained. The CEO Len Haggard has decided to cease any further research. Len Haggard is not sure how to treat this research expenditure in the accounting records of the company. Using the definition criteria from the conceptual Framework. Justify why the money spent on research can be treated as an expense. 1 A. B1 Definition Yes/No Why Is Definition Criteria met