Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $450,000. Shipping costs totaled $15,400. Foundation work to house the centrifuge cost $9,200. An additional water line had to be run to the equipment at a cost of $3,900. Labor and testing costs totaled $4,200. Materials used up in testing cost $3,500. (Leave no cells blank. Enter O where needed.) Skipped Required: 1. What is the total capitalized cost of the equipment? 2. How much of this amount should be expensed immediately? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the total capitalized cost of the equipment? Cost of the equipment Required 2 >

Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $450,000. Shipping costs totaied $15,400. Foundation work to house the centrifuge cost $9,200. An additional water line had to be fun to the equipment at a cost of $3,900. Labor and testing costs totaled $4,200. Materials used up in testing cost $3,500. (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? Complete this question by entering your answers in the tabs below. What is the total capitalized cost of the equipment