Required: American Golf Corporation operates golf courses throughout the country. For each of the following items, select whether the cost should be capitalized or expensed. Transactions 1. Purchased a golf course in Orange County, California. 2. Paid a landscaping company to clear 100 acres of land on which to build a new course. 3. Paid a landscaping company to apply fertilizer to the fairways on its Coyote Hills Golf Course. 4. Hired a building maintenance company to build a 2,000-square-foot addition on a clubhouse. 5. Hired a building maintenance company to replace the locks on a clubhouse and equipment shed. 6. Paid an advertising company to create a campaign to build goodwill.

Required: American Golf Corporation operates golf courses throughout the country. For each of the following items, select whether the cost. hould be capitalized or expensed. Required: American Golf Corporation operates golf courses throughout the country. For each of the following items, select whether the cost should be capitalized or expensed