Indicate whether the following statements are "True" or "False" regarding the payment of others' expenses, personal expenditures, and capital expenditures.

a.	To be deductible, an expense must be incurred for the taxpayer's benefit or arise from the taxpayer's obligation.	TrueFalse
b.	When an expenditure is for a tangible asset that has an ascertainable life, it is capitalized and may be deducted as depreciation (or cost recovery) over its depreciable life.	TrueFalse
c.	The Code specifically allows a deduction for "any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property."