Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $410,000. Shipping costs totaled $21,000. Foundation work to house the centrifuge cost $8,400. An additional water line had to be run to the equipment at a cost of $2,900. Labor and testing costs totaled $5,200. Materials used up in testing cost $3,400. The capitalized cost is: Alamos Co. exchanged equipment and $19,000 cash for similar equipment. The book value and the fair value of the old equipment were $80,000 and $92,000, respectively. Assuming that the exchange has commercial substance, Alamos would record a gain/(loss) of: Below is information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance. old Equipment Cash Fair Value Book Value Paid Case A $50,500 $59,000 $14,500 Case B $40,600 $35,100 $ 7,800 In Case B, Grand Forks would record a gain/(loss) of: