Which of the following statements about intangible assets in company financial statements are correct according
to international accounting standards?
1 I  nternally generated goodwill should not be capitalised.
2    Purchased goodwill should normally be amortised through the income statement.
3    Development expenditure must be capitalised if certain conditions are met.
A    1 and 3 only
B    1 and 2 only
C    2 and 3 only
D    All three statements are correct
      

A