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Holday Laboratories purchased a high-speed industrial centrifuge at a cost of $430,000. Shipping costs totaled $10,500. Foundation work to house the centrifuge cost $9,300. An

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Holday Laboratories purchased a high-speed industrial centrifuge at a cost of $430,000. Shipping costs totaled $10,500. Foundation work to house the centrifuge cost $9,300. An additional water line had to be run to the equipment at a cost of $2.500. Labor and testing costs totaled $5,800. Materials used up in testing cost $3,000. (Leove no cells blank. Enter 0 where needed.) a. What is the total cost of the equipment? b. How much of this amount should be expensed immequately? Holday Laboratories purchased a high-speed industrial centrifuge at a cost of $430,000. Shipping costs totaled $10,500. Foundation work to house the centrifuge cost $9,300. An additional water line had to be run to the equipment at a cost of $2.500. Labor and testing costs totaled $5,800. Materials used up in testing cost $3,000. (Leove no cells blank. Enter 0 where needed.) a. What is the total cost of the equipment? b. How much of this amount should be expensed immequately

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