Which of the following statements about the phases of an internal project are correct?Your answerAThe entity may choose to treat as development all the expenditure on a project whose phases cannot be distinguished.BThe entity classifies the generation of the asset into a research phase and a development phase.CThe terms research phase and development phase are strictly limited to the definitions of research and development.DIf the two phases cannot be distinguished, all the expenditure on the project is treated as incurred in the research phase.EExpenditure treated as incurred in the research phase is recognised as an expense when incurred.FAs it cannot distinguish the phases, the entity splits the expenditure equally between expense and asset.Submit