Debate 8-3 Capitalization versus Expense Entre Preneur found a site for his new haute cuisine restau- rant. The site has a vacant gasoline station. He purchased the property for $900,000 and had the station demolished at a cost of $30,000. A government regulation required that he spend $40,000 to remove and dispose of three under- ground tanks and $30,000 to refine the soil. The restaurant was constructed for $1,800,000. Avoidable interest during construction totaled $22,000. Team 2: Criticize capitalization of the cost to remove the tanks and refine the soil and the capitalization of interest during construction. Do they provide added service poten- tial? Your arguments should use the conceptual framework definitions and concepts