Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $470,000. Shipping costs totaled $18,000. Foundation work to house the centrifuge cost $9,200. An additional water line had to be run to the equipment at a cost of $3,200. Labor and testing costs totaled $4,000. Materials used up in testing cost $2,300. (Leave no cells blank. Enter O where needed.) a. What is the total cost of the equipment? 10 Cost of the equipment b. How much of this amount should be expensed immediately? Immediately expensed