Stogath no LO 9-2, 9-6 American Golf Corporation (00212 to 29.1 002.183 sunt insunt Tangible and Intangible Assets M9-2 Deciding Whether to Capitalize or Expense 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. 2. 3. bronautbogen omstal 4. Joyc 29vil Doting fr 5. 6. Purchased a golf course in Orange County, California. Paid a landscaping company to clear 100 acres of land on which to build a new course. Paid a landscaping company to apply fertilizer to the fairways on its Coyote Hills Golf Course. Hired a building maintenance company to build a 2,000-square-foot addition on a clubhouse. Hired a building maintenance company to replace the locks on a clubhouse and equip- ment shed. Paid an advertising company to create a campaign to build goodwill.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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CHAPTER 9 Long-Lived Tangible and Intangible Assets
Stonalb, LO 9-2, 9-6
American Golf Corporation
0021215-201
006.12.30 sunt h
smi Insuite od gu
buon aubregar tomsiste
(yrity
bors:0
M9-2 Deciding Whether to Capitalize or Expense
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).
evil Dotimilginer
29vil Botiquin
TEN
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.
6
eraub
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 equip-
ment shed.
has a total
loubo
6.
Paid an advertising company to create a campaign to build goodwill.
Transcribed Image Text:CHAPTER 9 Long-Lived Tangible and Intangible Assets Stonalb, LO 9-2, 9-6 American Golf Corporation 0021215-201 006.12.30 sunt h smi Insuite od gu buon aubregar tomsiste (yrity bors:0 M9-2 Deciding Whether to Capitalize or Expense 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). evil Dotimilginer 29vil Botiquin TEN 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. 6 eraub 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 equip- ment shed. has a total loubo 6. Paid an advertising company to create a campaign to build goodwill.
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