Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $480,000 Shipping costs totaled $11,800 Foundation work to house the centrifuge cost $6,500. An additional water line had to be run to the equipment at a cost of $2,700. Labor and testing costs totaled $5,600. Materials used up in testing cost $3,300. [Leave no cells blank. Enter O where needed) a. What is the total cost of the equipment? b. How much of this amount should be expensed immediately Immedately expensed