Bluesun Company has acquired a parcel of land with an old building on it. They plan to demolish the building and prepare the land for construction of a new building and a parking lot. Required: For each of the following items, choose the account used in capitalizing the cost. If an item should not be capitalized, choose Not Capitalized. Land Land Buildings Equipment Not Improvement Capitalized Equipment O O O O O Cost of land and old building O O O O O Landscape design and planting O O O O O X