Development costs

Can someone help with regards to the classification of development costs. If a business starts developing a product and is certain it will take 3 years for it to be completed to generate income and it meets all the criteria of IAS 38 with regard to capitalizing the costs as an asset, assuming the development costs in year 2016 is £100k and still in progress then how do we treat this 100k in the year end accounts for 2016? Product will be completed in year 2018.

Thank you
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