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(k) Permitted credit for use of a flight simulator or flight training device. (1) Except as provided in paragraphs (k)(2) of this section, a maximum of 2.5 hours of training in a flight simulator or flight training device representing the category, class, and type, if applicable, of aircraft appropriate to the rating sought, may be credited toward the flight training time required by this section, if received from an authorized instructor.
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It sure can... as long as it is given by an authorized instructor and the instructor signs your log book.
Of course it has to be an FAA approved Simulator or FTD.
So you only have to really do .5 in the plane if you're going to use this part of the rule.
-Erik