d 13 out of What is a correct statement when considering the topic of capital expenditure from a tax point of view? O a. There are a number of methods of claiming a tax deduction for some/all of relevant capital expenditure over time, found in Division 40. O b. Section 8-1 of the ITAA97 specifically denies a deduction for any capital amount incurred and this overrides any other provision wherever found in the ITAA97 or related Acts. Oc. Capital expenditure on an asset is always deductible to an employee if the cost of the asset is $300 or less. Od. When claiming a deduction for capital expenditure there is no reduction to the extent the asset is used for non-income producing purposes.