Then, what about
"I can smell the bread burn"?
Is it correct?
Hello, wotcha.:-D
Well, I think you are asking about the usage of "verbs of perception".
1.
see/hear + object + infinitive
I saw her cross the road.
I heard him go down the stairs.
2.
see/hear + object + present participle (-ing form)
I saw her crossing the road.
I heard him going down the stairs.
3.
see/hear + object + past participle
I heard my name called.
I've never seen a television thrown through a window.
Interestingly enough, however, the verb 'smell' is used in #2: "
smell + object(something) + present participle (-ing form)"
smell - Definition and pronunciation | Oxford Advanced Learners Dictionary at OxfordLearnersDictionaries.com
So, as to your question, "I can smell the bread burning." is correct.
I hope I can be of some help to you.