Required: In relation to MFRS138 Intangible Assets, (a) Define (i) (ii) Research and Development (b) Say under what circumstances it would be appropriate to defer development (capitalize) expenditure to future periods. (C) Show how the expenditure on projects AX and BX would be dealt with in the statement of financial position and statement of comprehensive income in accordance with MFRS 138 Intangible Assets. Required: In relation to MFRS138 Intangible Assets, (a) Define (i) (ii) Research and Development (b) Say under what circumstances it would be appropriate to defer development (capitalize) expenditure to future periods. (C) Show how the expenditure on projects AX and BX would be dealt with in the statement of financial position and statement of comprehensive income in accordance with MFRS 138 Intangible Assets