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Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $490,000. Shipping costs totaled $25,000. Foundation work to house the centrifuge cost $8,900. An
Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $490,000. Shipping costs totaled $25,000. Foundation work to house the centrifuge cost $8,900. An additional water line had to be run to the equipment at a cost of $3,200. Labor and testing costs totaled $5,300. Materials used up in testing cost $3,600. The capitalized cost is
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