re to search 4 Which of the following statements concerning the accounting treatment of research and development expenditure are true, according to IAS 38 Intangible Assets? (i) Research is original and planned investigation undertaken with the prospect of gaining new knowledge and understanding. (ii) Development is the application of research findings. (iii) Depreciation of plant used specifically on developing a new product can be capitalised as part of development costs. (iv) Expenditure once treated as an expense cannot be reinstated A BCD as an asset. (i), (ii) and (iii) (i), (ii) and (iv) (ii), (iii) and (iv) All of the above 36C ING BAZAM INTE 1/1/002