Kigin Company Spent $240,000 to Clean Up Hazardous Waste That

Kigin Company spent $240,000 to clean up hazardous waste that had contaminated land used in Kigin's business. Which of the following statements is true?

A) Kigin must capitalize the $240,000 expenditure to the cost of the land.
B) If Kigin purchased the land in an uncontaminated state, it can deduct the $240,000 because the expenditure is merely returning the land to its original condition.
C) Kigin can deduct the $240,000 as a repair expense.
D) None of these choices are true.