16 Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $360,000 Shipping costs totaled $27,000. Foundation work to house the centrifuge cost $7,000. An additional water line had to be run to the equipment at a cost of $3.700. Labor and testing costs totaled $5,700. Materials used up in testing cost $2,200. The capitalized cost is: Multiple Choice 0 $405,600 0 S408,500 0 $397700 Multiple Choice o $405,600. o $408,500. o $397700. o S387,000