Facts One of your clients, Pebble Beach Company, operates a number of public golf courses in California. This year, the company constructed six new greens described as ""modern" greens, which contain sophisticated drainage systems that include subsurface drainage tiles and interconnected pipes. These tiles and pipes require replacement about every 20 years. The cost of each green was $115,000; S30,000 for earthmoving, grading, and shaping of the land in preparation for construction and $85,000 for construction of the green itself. What is the correct tax treatment of the total cost of each "modern" green