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Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $370,000. Shipping costs totaled $13,000. Foundation work to house the centrifuge cost.$8,900. An additional
Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $370,000. Shipping costs totaled $13,000. Foundation work to house the centrifuge cost.$8,900. An additional water line had to be run to the equipment at a cost of $2,600. Labor and testing costs totaled $5,400. Materials used up in testing cost $3,800. The capitalized cost is: Multiple Choice $403,700. $399,600 $383,000
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