American Golf Corporation operates golf courses throughout the country. For each of thefollowing items, enter the correct letter to show whether the cost should be capitalized (C) orexpensed (E).Transactions1. Purchased a golf course in Orange County, California.2. Paid a landscaping company to clear 100 acres of land on which to build a new course.3. Paid a landscaping company to apply fertilizer to the fairways on its Coyote Hills GolfCourse.4. Hired a building maintenance company to build a 2,000-square-foot addition on aclubhouse.5. Hired a building maintenance company to replace the locks on a clubhouse and equipment shed.6. Paid an advertising company to create a campaign to build goodwill.
American Golf Corporation operates golf courses throughout the country. For each of the
following items, enter the correct letter to show whether the cost should be capitalized (C) or
expensed (E).
Transactions
1. Purchased a golf course in Orange County, California.
2. Paid a landscaping company to clear 100 acres of land on which to build a new course.
3. Paid a landscaping company to apply fertilizer to the fairways on its Coyote Hills Golf
Course.
4. Hired a building maintenance company to build a 2,000-square-foot addition on a
clubhouse.
5. Hired a building maintenance company to replace the locks on a clubhouse and equipment shed.
6. Paid an advertising company to create a campaign to build
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