Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $470,000. Shipping costs totaled $16,700. Foundation work to house the contrifuge cost $6,400. An additional water line had to be run to the equipment at a cost of $2,400, Labor and testing costs totaled $5,900. Materials used up in testing cost $3,000. (Leave no cells blank. Enter 0 where needed.) a. What is the total cost of the equipment? b. How much of this amount should be expensed immediately