23. Payments of capital expenditures by a cash-basis taxpayer: a. May be deducted, if the taxpayer elects, in a year of the taxpayer's choosing provided it is within 10 years of the date of the capital expenditure. b. Are expensed, and therefore deductible, in the year of payment. C. May be deducted ratably over the two years immediately after the asset is acquired. d. Are, where allowed, deducted over the useful life of the asset through deductions like amortization, depletion, or depreciation. e. None of the above