Learning examples 2: WN According to IAS 38 Intangible assets, which of the following are intangible non-current assets in the financial statements of lota Co? 1 A patent for a new glue purchased for $20,000 by lota Co 2. Development costs capitalised in accordance with IAS 38 3 A licence to broadcast a television series, purchased by lota Co for $150,000 4 A state of the art factory purchased by lota Co for $1.5million 1 and 3 only B 1, 2 and 3 only 2 and 4 only D 2, 3 and 4 only (2 marks) OOOD