IRD 0.00% 6.0¢ iron road limited

Guys,Sorry to sound like a complete newbie, but how are CAPEX...

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    Guys,

    Sorry to sound like a complete newbie, but how are CAPEX expenditures treated taxwise for projects such as IRDs.
    Do they just take the CAPEX expenditure divide it by 7(10??) and reduce their revenue by that amount, then pay tax etc, on whats left.
 
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