Which One of the Following Statements Best Describes the Treatment

Which one of the following statements best describes the treatment under section 8-1 ITAA97 of expenses incurred after a business has ceased?

A) Expenses incurred after a business has ceased can remain deductible as long as they relate to the time when the business was operating
B) Expenses incurred after a business has ceased cannot be deductible as they cannot be 'incurred' in carrying on a business
C) Only some expenses, such as interest on a business loan taken out whilst the business was operating, could remain deductible after a business has ceased
D) Expenses incurred after a business has ceased are specifically denied deductibility under Division 26 of ITAA97