Eagle Country Club has acquired a lot to construct a clubhouse. Eagle had the following costs related to the construction: 
Determine the cost of the club house to be reported on the balance sheet.
Definitions:
Long-term Growth
The sustained increase in the economic output of a country or region over a significant period.
Rules Of Game
The set of guidelines and principles that determine how a particular game or activity is conducted.
Business Cycle
The fluctuation in economic activity that an economy experiences over a period of time, marked by phases of expansion and contraction.
Mercantilism
An economic theory and practice where government regulation of a nation's economy is used to increase state power at the expense of rival national powers.
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