Required information [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 blank. Enter zero if applicable. What amount of the cost of the repairs can Matt deduct this year if he uses the cash method of accounting for his business? Deductible amount