Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $460,000. Shipping costs totaled $14,200. Foundation work to house the centrifuge cost $6,800. An additional water line...

Extracted text: Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $460,000. Shipping costs totaled $14,200. Foundation work to house the centrifuge cost $6,800. An additional water line had to be run to the equipment at a cost of $3,200. Labor and testing costs totaled $5,700. Materials used up in testing cost $3,100. (Leave no cells blank. Enter 0 where needed.) a. What is the total cost of the equipment? Cost of the equipment b. How much of this amount should be expensed immediately? Immediately expensed