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Question 9 of 30. Under the tangible property regulations, taxpayers without applicable financial statements may elect...

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Question 9 of 30. Under the tangible property regulations, taxpayers without applicable financial statements may elect to app
Question 9 of 30. Under the tangible property regulations, taxpayers without applicable financial statements may elect to apply a de minimis safe harbor election. This election allows them to claim an immediate deduction for: Amounts paid for small repair parts that the taxpayer elects to capitalize. Improvements costing less than $200. Property that does not cost more than $2,500 per invoice or item. Repairs to real property costing less than $2,500

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Answer:- option c . explanation to Under the tangible regulations, if you dont have an applicable financial Statements CAFs)

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