Please answer this question for me. Thank you

2. Konohamaru Make-Up and Cosmetics has spent P5,000,000 this year on a project to develop a new range of chemical-free cosmetics. As yet, it is too early for Konobamaru's management to be able to predict whether this project will prove to be commercially successful. Explain whether Konohamaru Make-Up and Cosmetics should recognise this expenditure as an asset, justifying your answer by reference to the Conceptual Framework asset definition and recognition criteria