Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $460,000. Shipping costs totaled $11,700....

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Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $460,000. Shipping costs totaled $11,700. Foundation work to house the centrifuge cost $9,900. An additional water line had to be run to the equipment at a cost of $2,100. Labor and testing costs totaled $4,600. Materials used up in testing cost $2,800. (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 Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $460,000. Shipping costs totaled $11,700. Foundation work to house the centrifuge cost $9,900. An additional water line had to be run to the equipment at a cost of $2,100. Labor and testing costs totaled $4,600. Materials used up in testing cost $2,800. (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