Briefly discuss how the Safe Harbor Deduction for De Minimis Expenditures relates to the following:

a. A taxpayer with an applicable financial statement, e.g. audited financial statement. b. A taxpayer without an applicable financial statement.

c. List 2 types of assets to which this safe harbor provision does not apply AND explain how the taxpayer recovers the costs associated with these assets.

Briefly discuss how the Safe Harbor Deduction for De Minimis Expenditures relates to the following: a. A taxpayer with an applicable financial statement, e.g. audited financial statement. b. A taxpayer without an applicable financial statement. c. List 2 types of assets to which this safe harbor provision does not apply AND explain how the taxpayer recovers the costs associated with these assets