HP Pty Ltd has operated successfully in Tasmania for many years and is now exploring the possibility of opening a factory in WA (where the company has no business operations currently) and has commissioned a feasibility study. Which one of the following statements best describes the treatment under section 8-1 ITAA97 of these feasibility expenses? Question 8Answer a. Only certain expenses incurred before a business has commenced are deductible. b. Feasibility expenses are incurred before a business has commenced and are not deductible under section 8-1 ITAA97. c. Expenses incurred before a business has commenced can be apportioned, under section 8-1 ITAA97, over 5 years. d. Expenses incurred before a business has commenced are deductible