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QUESTION
payments by a cash basis taxpayer of capital expenditures:
payments by a cash basis taxpayer of capital expenditures:a) must be expensed at the time of paymentb) must be expensed by the end of the first year after the asset is acquiredc) must be deducted over the actual or statutory life of the assetd)can be deducted in the year the taxpayer choosese) none
