Holiday Laboratories

Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $450,000. Shipping costs totaled $18,200. Foundation work to house the centrifuge cost $8,700. An additional water line had to be run to the equipment at a cost of $2,500. Labor and testing costs totaled $6,000. Materials used up in testing cost $3,400. (Leave no cells blank. Enter O 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