Group $5$ True or False:$-$

$29-$If a taxpayer uses the standard cost method of allocating inventoriable costs, it may treat positive variances as period costs $($expensed$)$ and negative variances as inventoriable.

True

False

$30-$When an instrument is called before maturity, less OID will have been recognized at the time of call than would have been recognized had the actual term been the original term.

True

False

$31-$In order to claim a deduction, estimates of shrinkage are never permitted.

True

False

$32-$A taxpayer with an applicable financial statement may elect to expense and not capitalize amounts paid for property not exceeding $$5,000$ per invoice $($or per item as substantiated by the invoice$).$

True

False