True or False:$-$

$1-$ Taxpayers may deduct up to $$7,500$ of items under the repairs and maintenance regulations$$ de minimis election

True

False

$2-$ Amounts deductible under the repairs and maintenance regulations are not required to be capitalized under the $263$A rules.

True

False

$3-$ Incidental materials and supplies are generally deductible when the expense is incurred rather than when used.

True

False

$4-$ A $$unit of property$$ includes all components that are functionally interdependent

True

False

$5-$ Amounts paid to acquire real property are required to be capitalized but amounts paid to better or improve such real property may be expensed as repairs

True

False