Earl is a golf course superintendent. He recently was hired

Earl is a golf course superintendent. He recently was hired by the Jack Nicks Corporation to construct an 18-hole course in Wyoming. There will be substantial earth-moving costs in creating the landscape desired for the course. The fairways will have planted grass, but the greens will be “modern greens” containing sophisticated drainage systems. The greens must be replaced when the underlying drainage systems are replaced. Earl would like to know what costs are expensed and what costs are capitalized either as part of the land or as depreciable assets.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...