Question
Q1. Rohit Sharma Inc. is in the business of cricket fields - he owns over 110 cricket fields throughout Canada. For each of the following
Q1. Rohit Sharma Inc. is in the business of cricket fields - he owns over 110 cricket fields throughout Canada.
For each of the following transactions, please indicate whether the cost should be capitalized (write "C") or expenses (write "E")
Example: Purchased a cricket field in Toronto, Ontario - C (Capitalized)
1. Paid an advertising company to create a campaign to build goodwill - ____
2. Paid a landscaping firm to apply fertilizer to the fairways on one of the cricket fields - ____
3. Hired a building maintenance firm to replace the locks on lockers in the pavilion and equipment shed- ____
4. Paid a landscaping firm to clear 100 acres of land on which to build a new cricket field - ____
5. Hired a building maintenance firm to build a 2,000 sq m addition to a pavilion - ____
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