Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $490,000. Shipping costs totaled $14,000. Foundation work to house the centrifuge cost $8,000. An additional water line had to be run to the equipment at a cost of $2,100. Labor and testing costs totaled $5,500. Materials used up In testing cost $3,800. The capitalized cost is: Multiple Choice $523,300 $514,100. $523,400 $504,000