Which of the following statements regarding the recognition of expenses related to long-term contracts under IFRS is true?

A: General and administrative expenses are normally recognized as an asset.

B: The cost of wasted resources of an abnormally high amount are recognized as an asset until the performance obligation has been met.

C: If capitalized costs are no longer expected to be recovered through the contract, a portion of contract revenue should be reversed.

D: Costs that will be reimbursed by the customer are recognized as an asset.