kigin company spent $240,000 to clean up hazardous waste that had contaminated land used in kigin's business. which of the following statement is true?

kigin must capitalize the $240,000 expenditure to the cost of the land

if kigin purchased the land in an uncontaminated state, it csn deduct the $240,000 because the expenditure is merely returning the land to its original condition

kigin can deduct the $240,000 as a repair expense

none of these choices are true