Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $440,000. Shipping costs totaled $25,000. Foundation work to house the centrifuge cost $7,900. An additional water line had to be run to the equipment at a cost of $2,200. Labor and testing costs totaled $6,800. Materials used up in testing cost $2,100. The capitalized cost is:

Multiple Choice

$484,000.

$475,100.

$465,000.

$481,400.