Path:p Words:0 QUESTION 16 On January 1, Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $420,000 with terms 2/10 net 30. Shipping costs totaled $15,000. Foundation work to house the centrifuge cost $8,000. An additional water line had to be run to the equipment at a cost of $3,000. Labor and testing costs totaled $6,000. Materials used up in testing cost $3,000. Insurance for the first year of operations was $12,000. Payment was made on January 15. The capitalized cost is: TT T Arial 3 (12pt) T Path:p Words:0 QUESTION 17 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save