(1)Long-life asset expenditure to which this section applies, if allocated to a pool, must be allocated to a class pool (“the long-life asset pool”).
(2)This section applies to long-life asset expenditure if—
(a)it is incurred on the provision of long-life assets wholly and exclusively for the purposes of a qualifying activity, and
(b)it is not expenditure which is required to be allocated to a single asset pool.