Wiseman pharmaceuticals are in the process of developing a 'miracle drug. If it is successful, a patent on the drug will be registered. This will then be an internally generated intangible asset. Assuming the patent is registered, which of the following statements are correct regarding intangible assets and Wiseman's patent? a. The project should be divided into a research and a development phase. b. Costs incurred in the research phase are recognized as an asset as it is probable that economic benefits will flow to Wiseman. c. Costs incurred in the research phase are expensed when incurred as Wiseman is unable to demonstrate that it is probable that future economic benefits will flow to it. d. The development phase costs are expensed when incurred if Wiseman is unable to demonstrate that it is probable that future economic benefits will flow to it e The development phase costs are recognized as an asset fw senar sable to demomete -- flow to it. d. The development phase costs are expensed when incurred if Wiseman is unable to demonstrate that it is probable that future economic benefits will flow to it. e. The development phase costs are recognized as an asset if Wiseman is able to demonstrate that it is probable that future economic benefits will flow to it and all the recognition criteria are met AS 38 specifically states the internally generated assets may not be recognized as an asset