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Holiday Laboratories purchased a high-speed Industrial centrifuge at a cost of $460,000. Shipping costs totaled $13,000. Foundation work to house the centrifuge cost $7,700. An

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Holiday Laboratories purchased a high-speed Industrial centrifuge at a cost of $460,000. Shipping costs totaled $13,000. Foundation work to house the centrifuge cost $7,700. An additional water line had to be run to the equipment at a cost of $3,400. Labor and testing costs totaled $6,900. Materials used up in testing cost $2,200. The capitalized cost is: Multiple Choice $493.200. $473,000 5484100 5492.600

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