Accounting · IAS 38 and Intangible Assets

Which of the following statements about intangible assets are FALSE according to IFRS/IAS standards? 1. If the IAS 38 criteria are met, a company can choose whether to capitalise or expense development expenditure. 2. Research costs, other than expenditure on tangible non-current assets, must be written off to profit or loss. 3. Internally generated goodwill must be capitalised and amortised over a period not exceeding 10 years.