Which of the following should be recognised as an intangible asset?

I. Cost of purchasing a trademark.

II$.$ Significant restoration costs for property, plant and equipment.

III. Costs incurred in a commercialised product development that will be released to the market in $2$ months.

IV$.$ Cost incurred in researching the best market to release a newly developed product.

Group of answer choices

I, II & III.

I & II$.$

I & III.