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Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $410,000. Shipping costs totaled $13,600. Foundation work to house the centrifuge cost $10,000. An

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Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $410,000. Shipping costs totaled $13,600. Foundation work to house the centrifuge cost $10,000. An additional water line had to be run to the equipment at a cost of $2,600. Labor and testing costs totaled $6,200. Materials used up in testing cost $2,300. (Leave no cells blank. Enter 0 where needed.) Required: 1. What is the total capitalized cost of the equipment? 2. How much of this amount should be expensed immediately

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