Which of the following statements about intangible assets are correct?
1    If certain criteria are met, research expenditure must be recognised as an intangible asset.
2    Goodwill may not be revalued upwards.
3    Internally generated goodwill should not be capitalised.
A    2 and 3 only
B    1 and 3 only
C    1 and 2 only
D    All three statements are correct

A