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Required Information [The following information applles to the questions displayed below] Matt hired Apex Services to repair his business equipment On November 1 of this year, Matt paid $2,000 for the repairs that he expects to begin in early March of next year. Note: Leave no answers blank. Enter zero if applicoble. Assume a calendar year end. What amount of the cost of the repairs can Matt deduct this year if he uses the cash method of accounting for his business? Required Informetion [The following information applies to the questions displayed below] Matt hired Apex Services to repair his business equipment On November 1 of this year, Matt paid $2,000 for the repairs that he expects to begin in early March of next year Note: Leave no answers blenk. Enter zero lf applicable. Assume o calendar year end. 1. What amount of the cost of the repairs can Matt deduct this year if he uses the cash method of accounting, and he expects the epairs to be done by early February? Required informetion [The following information applies to the questions displayed below] Matt hired Apex Services to repait his business equipment On November 1 of this year, Mart paid $2,000 for the repairs that he expects to begin in early March of next year. Note: Leave no answers blank. Enter zero if applicable. Assume a calendar year end. What amount of the cost of the repairs can Matt deduct this year if he uses the accrual method of accounting for his business? Required informetion The following information applies to the questions displayed below] Matt hired Apex Services to repair tis business equipment. On November 1 of this year. Matt paid $2,000 for the repairs that he expects to begin in early March of next year Note: Leave no onswers blonk. Enter zero if opplicable. Assume a colendar year end. What amount of the cost of the repairs can Matt deduct this year if he uses the accruat method, and he expects the repairs to be fone by early February