To capitalize an expenditure means on Select one: O a to expense the item on the income statement ob to record the cost as an asset Oc to record the cost as equity. Od to increase net income. Martin Company is constructing a building for its own use and incurred construction costs of 2,000,000. Construction began on January 1 and was completed on December 31. Assume the actual interest incurred on Martin's debt was $1,800,000 for the year. Assume avoidable interest (calculated using the specific interest method) was $700,000. What is the cost of the building on Martin's December 31 Balance Sheet? 3 tion Select one O a $2,000,000 Ob $2,700,000 Oc53,100,000 Od 53,800,000 O e None of these choices O1 $2,400,000