Question $54$ of $75.$

Under the tangible property regulations, taxpayers without applicable financial statements may apply a de minimis saie harbor

election. This allows them to claim the full expense as a deduction for

Small repair parts that the taxpayer elects to capitalize.

Improvements costing less than $$2,000.$

Property costing $$2,500$ or less per invoice or per item.

Repairs to real property costing less than $$2,500.$