Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $480,000. Shipping costs totaled $16,000. Foundation work to house the centrifuge cost $8,900. An additional water line had to be run to the equipment at a cost of $2,400. Labor and testing costs totaled $5,000. Materials used up in testing cost $3,400. (Leave no cells blank. Enter 0 where needed.) o. What is the total cost of the equipment? Cost of the equipment S 515,700 b. How much of this amount should be expensed immediately