The objects of this Division are:
(a) to allow you to deduct the * cost of a * depreciating asset; and
(b) to spread the deduction over a period that reflects the time for which the asset can be used to obtain benefits; and
(c) to provide deductions for certain other capital expenditure that is not otherwise deductible.
Note 1: This Division does not apply to some depreciating assets: see section 40- 45.
Note 2: The application of this Division to a life insurance company is affected by sections 320-200 and 320- 255.
Guide to Subdivision 40-B