building and a parking lot. Greentree 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 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 Not Improvement Equipment Capitalized Installation of lighting in the parking lot O O O O Delivery of Equipment O O O O O Delinquent property taxes O O O O O X ? Continue Submit Assi