Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $330,000. Shipping costs totaled $21,000. Foundation work to house the centrifuge cost $8,900. An additional water line had to be run to the equipment at a cost of $2,100. Labor and testing costs totaled $6,100. Materials used up in testing cost $3,500. The capitalized cost is: Multiple Choice $370,500. O $371,600. $351,000. $362,000