Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $430,000. Shipping costs totaled $28,000. Foundation work to house the centrifuge cost $7.200. An additional water line had to be run to the equipment at a cost of $2,400. Labor and testing costs totaled $5,100. Materials used up in testing cost $2.600. The capitalized 16 cost is 011947 Multiple Choice $474,700 $475,300 $458,000 $467600