Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $490,000. Shipping costs totaled $10,400. Foundation work to house the centrifuge cost $9,700. An additional water line had to be run to the equipment at a cost of $2,600. Labor and testing costs totaled $7,800. Materials used up in testing cost $3,700. (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